Tamil Nadu government today again requested the Centre to drop the move to privatise the public sector Salem Steel Plant (SSP), saying the unit must be given a chance to make a turn-around.
"I believe the reasons for the SSPs recent losses must be studied...and it must be given a chance to improve its efficiency to make a turn-around,"Chief Minister K Palaniswami said in a letter to Prime Minister Narendra Modi.
The chief minister, who made a similar demand in April this year, said he was sure that SSP would transform once again into a profit making enterprise if given the chance.
"I therefore request you once again to kindly intervene expeditiously and advise the Steel Ministry and the Steel Authority of India not to privatise SSP," he urged.
He pointed out that SSP's financial condition improved in the 2016-17 fiscal compared to 2015-16.
Further,the state government has supported SSP's Rs 2,005 crore expansion project, with a structured package of incentives in the form
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