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Rashtriya Ispat Nigam Limited (RINL) has invited bids from private players to operate 32 critical units at the Visakhapatnam Steel Plant. The move, announced on August 16, is part of efforts to improve operational efficiency at the state-owned facility.
The units up for bidding include captive power plants, turbo-generators, casting machines, steel mills, and various finishing, repair, and safety systems. These facilities are essential to the plant’s day-to-day functioning, making this decision a significant shift in operational strategy.
While RINL has positioned this as a step toward modernization and improved output, trade unions and political groups have raised alarms. Critics argue this marks the beginning of gradual privatization, despite earlier assurances that the plant would remain under government control. The recent termination of several hundred contract workers has added to these concerns.
The bidding process is expected to attract interest from both domestic and international firms. However, the move has also reignited debates around public sector reform, job security, and the future of India’s strategic industrial assets.
As discussions continue, the outcome of this bidding process will likely shape the long-term direction of the Visakhapatnam Steel Plant and its role in India’s steel sector.
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