Taking their campaign to New Delhi after their Hyderabad yatra, senior trade union leaders of Rashtriya Ispat Nigam Limited (RINL) will represent to Union Steel Minister Beni Prasad Verma and others on Monday against disinvestment of RINL.

Appointment is fixed with Mr. Verma in the evening. Union leaders D. Adinarayana (AITUC), Mantri Rajasekhar (INTUC) and J. Ayodhyaram (CITU) will be part of the delegation.

They will be accompanied by central trade unions leaders and Congress MLA from Gajuwaka Ch. Venkataramaiah.

The IPO of RINL, corporate entity of Visakhapatnam Steel Plant will hit the corporate market on October 15. The government will offload 10 per cent of its equity. The issue will close for subscription on October 18.

Ch. Narsinga Rao, honorary president of VSP’s recognised union said the union leaders were also trying to get an appointment with Prime Minister Manmohan Singh and Finance Minister P. Chidambaram to convince them to stop disinvestment of RINL. Mr. Rajasekhar, general secretary of Visakha Steel Employees’ Congress, who was elected at the meeting as the national secretary of INTUC, said the resolution sought the government’s intervention immediately to stop disinvestment of RINL respecting the sentiments of the employees as well as the people of Andhra Pradesh.

‘Chalo Collectorate’

Meanwhile, the district unit of CPI (M) has given a call for ‘Chalo Collectorate’ on Monday in protest against IPO of Rashtriya Ispat Nigam Limited.

Describing IPO as an attempt to privatise VSP, Mr. Rao and CPI (M) city secretary B. Ganga Rao told reporters that the Centre wants to bulldoze public anger against disinvestment of RINL.

48-hour strike

He said a bandh would be organised at Gajuwaka on October 12 against disinvestment coinciding with 48-hour shutdown of VSP by all the employees unions.


CPI (M) activists protest against RINL IPOOctober 9, 2012

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