Vizag Steel Plant: Central Government Announces ₹11,440 Crore Package
The central government has announced a financial package of ₹11,440 crore to help improve the struggling Vizag Steel Plant and make it successful once again.
image for illustrative purpose
The government has decided to help the Visakhapatnam Steel Plant, which was having financial problems. They have given a huge amount of funds—Rs. 11,440 crores—to help fix the plant. The Prime Minister, Narendra Modi, and other leaders decided to help in a meeting on Thursday.
The Chief Minister of Andhra Pradesh, Chandrababu, has always worked to help the steel plant. Whenever he went to Delhi, they discussed how to improve the plant. Recently, the Chief Minister asked for money to fix the plant. After many talks, the government decided to give money to improve the plant.
The Visakhapatnam Steel Plant is important because it makes steel, but it has been losing money. The government will use this money to help the plant work well and become successful again.
Union Minister Rammohan Naidu was happy with the decision. He thanked the Prime Minister and the government for helping the plant. He said the money will help the plant improve and support the people of the state.
