Rs 3,000 CR Steel Plant Inaugurated
Rs 3,000 CR Steel Plant Inaugurated

Rs 3,000 CR Steel Plant Inaugurated

ఓర్వకల్లులో జైరాజ్‌ ఇస్పాత్‌ లిమిటెడ్‌కు సీఎం శంకుస్థాపన

Thursday, May 10, 2018
Chief Minister N Chandrababu Naidu laid the foundation stone for Rs 3,000-crore Jai Raj Ispat Steel Plant at Guttapadu village in Orvakal mandal of Kurnool district on Thursday. Speaking on the occasion, the Chief Minister described it as a beginning of the transformation of the region as an industrial hub. “The new steel plant which is the result of my government’s efforts, will provide jobs to several thousands of people,” he said.

The Chief Minister informed that Jai Raj Ispat Integrated Steel Plant, whose estimated production is 2.9 million tonnes per annum, will be set up at a cost of about Rs 2,938 crores in the first phase and it will provide direct employment to 3,200 people and indirect employment to 11,800. He said the State government has provided 415 acres for the steel plant and requested the company’s management to ground the steel plant work at the earliest.

Later, addressing the farmers (who gave their lands) and prospective young entrepreneurs at the project site, he said that more industrial projects at an estimated investment of Rs 23,000 crores will come to Kurnool district, creating 28,000 more jobs. “Once Orvakal is industrialised, the local youths need not have to go to other places in search of jobs. They can be employed there itself. In fact, people from other places will migrate to Orvakal for jobs in the future,” he said.

Promising to develop Orvakal as an industrial hub on par with Sri City, which is the fastest developing industrial hub in the State, the Chief Minister said Mega Seed Park at Thangadancha in the district established in 650 acres with the help of IOWA University is another step in the industrialisation of the area.

While explaining how the State is suffering due to the lack of support from the Central government post bifurcation, the CM promised to sanction Rs 50 crores for developing cluster university in the district. He said Kurnool, which had earlier suffered a lot due to factionalism and rowdyism, will now turn into an industrial hub. “I will keep every promise I made to Kurnool on August 15, 2014,” he vowed. The Chief Minister said apart from completing all irrigation projects, the promised six-lane highway project between Kurnool and Guntur too would be started soon.
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