TN won't allow Salem Steel privatisation: Minister

By PTI Published on Mar 25, 2017 11:24 AM IST

Chennai; The Tamilnadu government has said it was committed to its stand not to allow the privatisation of the Salem Steel Plant by the Centre.

"This government, following in the footsteps of Amma (late chief minister J Jayalalithaa) will not allow the privatisation of the Salem Steel Plant," Industries Minister M C Sampath told the Assembly during a debate.

He was responding to the Opposition DMK and Congress expressing concern over the Centre's move to privatise the plant, a special steel unit of Steel Authority of India Ltd.

Reaffirming the AIADMK government's commitment not to allow privatisation of the PSU, he recalled how the State had acted in the Neyveli Lignite Corporation disinvestment matter with Jayalalithaa leading the charge.

He was referring to five State PSUs picking up 3.56 per cent stake in the NLC when the UPA government

divested its equity in the Tamilnadu-based mining-cum-power generating company.

Political parties in the State have already voiced their opposition to the Centre's move to privatise the Salem Steel plant. Sampath had last year assured that the government will not allow the privatisation of the steel plant.