VSP ready to shine,says Vizag MP Sribharat

MP Sribharat has welcomed the Rs 11,440 crore revival package for the Visakhapatnam Steel Plant (VSP), calling it a golden opportunity for the plant to prove its worth to the nation. Speaking to the media on Saturday, he urged employees and workers to make the best use of the package, which includes equity infusion, working capital support, and approval for issuing preference shares. He expressed confidence that this investment would yield massive returns for the country.
Sribharat described VSP as a symbol of Andhra Pradesh’s united struggle during the state’s formation, earned through the collective efforts of its people. He recalled the contributions of leaders like Chandrababu Naidu and Kinjarapu Yerran Naidu in saving the plant during Prime Minister Atal Bihari Vajpayee’s tenure.
The MP credited the success of the revival package to the combined efforts of leaders, including Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman, and former Karnataka Chief Minister HD Kumaraswamy. He also thanked the state government for supporting the plant with power and water subsidies. “Achieving this package within seven months is a significant milestone,” he said.
Sribharat announced that two blast furnaces at the plant would soon restart, with the third becoming operational by August. He mentioned discussions with NMDC for securing raw materials and highlighted plans to strengthen ancillary units. The MP stressed the importance of comprehensive reforms and assured that he would work closely with the Ministry of Steel to ensure the plant’s sustainable operations.
Criticising the YSRCP government for alleged inaction over the last five years, Sribharat said the negligence had severely impacted VSP. He reaffirmed his promise to prevent privatisation of the plant, a key commitment from his election manifesto. “Since taking my oath, I have been actively engaging with central leaders to resolve the plant’s challenges and assure workers about their future,” he said.
The MP expressed gratitude to Chief Minister Nara Chandrababu Naidu, Deputy Chief Minister Pawan Kalyan, and Nara Lokesh for their relentless efforts in securing the package. He said the revival of VSP is not just a win for Andhra Pradesh but a major boost for the country’s economy.