andhra pradesh chief minister YS Jagan mohan reddy laid the foundation stone to the kadapa steel plant and expressed his steely resolve to complete the project within three years pro-changing the landscape of the region. Incidentally, Jagan is the third chief minister to lay the foundation stone for this project after ysr and Chandrababu Naidu.
The steel plant will provide employment to over 25,000 people and with the steel plant, ancillary units are bound to come up which will increase the job potential and change the landscape of this region. The central government is mandated to construct this steel plant as per andhra pradesh Reorganization Act but the center has become indifferent and went back on the commitment.
The 30 lakh tonnes capacity of the plant would be a great contribution to the steel sector and it will cost a whopping 15,000 Crore to the State Exchequer. An extent of 3,200 acres has been allotted for the steel plant. The plant would produce five million metric tonnes of iron per year. An agreement has been signed with the NMDC which would provide iron ore to the steel plant.
