In a significant development, Chief Minister N. Kiran Kumar Reddy has decided to allot iron ore mines spread across 5,342 hectares, including the controversial one at Bayyaram in Khammam district, to the Rashtriya Ispat Nigam Ltd (Visakhapatnam Steel Plant).
It is the first time in the history of the State that iron ore mines have been allotted to VSP, fulfilling its long-pending demand. More importantly, the allotment includes 2,500 hectares of iron mines in Bayyaram that had raised a political storm after former Chief Minister Y.S. Rajasekhara Reddy had allocated it to Rakshana Steels Limited, a firm allegedly linked to his son-in-law evangelist Bro Anil.
Of the remaining two chunks, 2,500 hectares are in Gudur mandal of Warangal district and 342 hectares in Bheemadevarapalli of Karimnagar district. These allocations were made on the condition that RINL would establish a beneficiation plant and an integrated steel plant at Bayyaram.
It is the first time in the history of the State that iron ore mines have been allotted to VSP, fulfilling its long-pending demand