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SAIL not willing to VSP's merger till it comes out of red: Min
The New Indian Express Tadepalligudem
|January 24, 2025
UNION Minister of State for Steel Bhupathiraju Srinivasa Varma said the Centre announced the ₹11,440 crore aid package to bail out Visakhapatnam Steel Plant (VSP) from the financial crisis, and prevent its privatisation.
However, the Union Minister made it clear that there is no possibility of merging VSP with Steel Authority of India Limited now as the SAIL management wants the merger only after VSP comes out of the red.
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