India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
The Human Rights Forum (HRF) has strongly criticized the government’s fresh efforts to privatize the Visakhapatnam Steel Plant (VSP). The Forum expressed serious concerns over the invitation of Expressions of Interest (EoI) for outsourcing 34 core departments, including blast furnaces, slag granulation, mines, and water systems.
HRF called the move a systematic attempt to dismantle the public-sector identity of VSP and hand over vital operations to private entities under the guise of outsourcing. The organization warned that such actions not only endanger worker safety especially in hazardous departments but also sideline labor laws and dilute accountability.
Labeling the initiative as a “form of plunder,” HRF highlighted the dangers of unregulated privatization, where profits take precedence over public interest. The Forum demanded a complete rollback of the privatization process, reinstatement of affected workers, and meaningful dialogue with employee unions.
HRF also urged both the central and Andhra Pradesh governments to affirm their commitment to keeping VSP under public ownership, emphasizing the plant’s strategic and economic significance to the region.
Also Read : India Proposes 3-Year Safeguard Duty on Steel Imports Rhinox Opens High-Precision Stainless Steel Pipe Plant in Haryana
NTPC Green Energy Limited (NGEL), an NTPC Limited subsidiary, and Maharashtra State Power Generation...
Mid Corporate 29-Feb-2024
State-owned Coal India Ltd is exploring lithium blocks in Argentina with a US company to secure supp...
Energy 19-Jun-2024
China Steel Prices Rise Slightly: MOC Reports Weekly Increase for June 30 - July 6, 2025 China's st...
China 11-Jul-2025
In order to foster innovation and reshape the natural resource management environment in India, Tata...
Large Corporate 01-May-2024
According to SK Jha, Executive Director & Head of City Gas Distribution at Indian Oil Corporatio...
Notification 20-Feb-2024
The Indian steel industry is seeking measures to limit rising steel imports. Jayant Acharya, CEO of...
Ferrous 25-Jul-2024