(a) whether there is a proposal to merge sponge Iron Limited, Palwancha with Visakha Steel Plant;
(b) if so, the details thereof;
(c) whether the said sponge Iron Limited is being expanded; and
(d) if so, the details thereof?
(a) whether there is a proposal to merge sponge Iron Limited, Palwancha with Visakha Steel Plant;
(b) if so, the details thereof;
(c) whether the said sponge Iron Limited is being expanded; and
(d) if so, the details thereof?
MINISTER OF CHEMICALS & FERTILISERS AND MINISTER OF STEEL (SHRI RAM VILAS PASWAN)
(a)&(b): Yes, Sir. While the Board of Directors of Sponge Iron India Limited (SIIL) have approved the merger proposal, the Board of Directors of Visakhapatnam Steel Plant have yet to approve the same.
(c)&(d): No, Sir. Do not arise.