Visakhapatnam, Nov 9: Union Minister of Steel, Dharmendra Pradhan on Saturday said that his Ministry will try to supply raw material at special price to Rashtriya Ispat Nigam Ltd (RINL), the Corporate entity of Visakhapatnam Steel Plant (VSP), from OMDC (Orissa Mineral Development Company) for benefit of RINL.
On his maiden visit to VSP along with RINL Chairman and Managing Director PK Rath, Pradhan that RINL has been aspiring for captive iron ore mines to face the competition and to reduce cost of production.
The Ministry of Steel is sincerely pursuing with the Odisha Government regarding operationalization of iron ore mines of Orissa Mineral Development Company (OMDC), he said the MoS is also trying to supply raw material at special price to RINL from OMDC.
He said that RINL should go for joint ventures to face competition, wealth creation and provide more value and increase the economic activity in this region.
The Minister observed that with increase in economic activity there will be more employment opportunities, generation of more revenues to local and union government. (UNI)