The Government of India intends to revive VISL of SAIL by modernization and expansion of its facilities with an investment of Rs 1000 crore, Union Steel & Mines Minister Narendra Singh Tomar said in Bhadravati, Karnataka recently.
Tomar paid a visit to Visvesvaraya Iron & Steel Plant unit of Steel Authority of India Limited on 21.08.2015. In his address, he said, "The Ministry is trying to ensure availability of raw material to VISL and once that is done, the government intends to revive VISL by modernization and expansion of its facilities with an investment of Rs. 1000 crore. However, this investment will be subject to recommendations of the consultant and approval by SAIL board.
"We shall try to expedite the whole process. For raw material security, steps will be taken by the state govt. to allot 140 Ha at NEB range Sandur Taluk, Bellary district to VISL, as soon as the case pending in High court is settled. I have held two meetings with the Chief Minister of Karnataka and raised the issue of allotment of mines including 240 Ha of iron ore mines, in the Ramanadurga area to SAIL, VISL for iron ore security. The CM assured to actively consider the matter on priority basis."
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