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Why is the CISF leaving Visakhapatnam Steel Plant
Why is the CISF leaving Visakhapatnam Steel Plant? | Explained
Ever since the Cabinet Committee on Economic Affairs (CCEA) approved the 100% strategic sale of Rashtriya Ispat Nigam Limited (RINL)—the corporate entity of the Visakhapatnam Steel Plant (VSP)—on January 27, 2021, the story of the plant has gone from bad to worse.
The Union government cited chronic financial losses, mounting debt and a lack of captive iron ore mines—which rendered the public sector unit (PSU) unsustainable—as the primary reasons for the decision. To stall the privatisation move, plant workers and trade unions mobilised a strong protest under the banner of the Visakha Ukku Parirakshana Porata Committee (VUPPC), successfully halting the sale so far.
Published - September 01, 2026 11:58 am IST
Andhra Pradesh / Visakhapatnam / The Hindu Explains / security measures / government
Source: TheHindu
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