H D Kumaraswamy.
Credit: PTI File Photo
New Delhi: Union Minister for Heavy Industries and Steel, H D Kumaraswamy on Friday announced that a Detailed Project Report (DPR) is being prepared for the revival of the Vishweshwaraiah Iron and Steel Limited (VISL) Bhadravati.
The DPR will be completed within the next two months and after which decision will be taken to revive the plant, Kumaraswamy said.
He added that a total investment of Rs 8,000 to Rs 10,000 crore is under active consideration for the reconstruction. The plant is already under the administrative control of the Steel Authority of India Limited (SAIL), which is planning a Rs 1 lakh crore investment across the steel sector nationally. The Bhadravati VISL revival is an integral part of this larger investment strategy.
“The entire plant will be rebuilt with state-of-the-art infrastructure, and the revival project will be formally launched by the end of this year. Prime Minister Narendra Modi himself will lay the foundation stone,” Kumaraswamy said.