Atul Bhatt Thanks Andhra Pradesh CM for Extending RINL’s Garbham Manganese Mine Lease
New Delhi, India, August 18: Atul Bhatt, Chairman and Managing Director of Rashtriya Ispat Nigam Limited (RINL), expressed his gratitude to Andhra Pradesh Chief Minister N Chandrababu Naidu for his crucial role in extending the lease of RINL’s Garbham Manganese Mine. This extension is a significant milestone for RINL, ensuring a steady supply of manganese ore for its production needs.
The Garbham Manganese Mine covers an area of 654 acres, with RINL consuming about 6000 tons of manganese ore annually. The lease extension is vital for the company’s ongoing production activities, especially in operating blast furnaces to produce hot metal.
Bhatt also extended his heartfelt thanks to Palla Srinivasa Rao, MLA of Gazuwaka, Visakhapatnam, and President of the Telugu Desam Party (TDP), Andhra Pradesh, as well as M Sri Bharat, Member of Parliament, Visakhapatnam, for their relentless efforts in securing the lease extension. Their advocacy played a pivotal role in this important decision, benefiting RINL and contributing to India’s industrial growth.
The Ministry of Steel emphasized that the lease extension was achieved through collaborative efforts between the government and RINL, highlighting the importance of strong partnerships between industry and the state government in fostering economic progress.
Rashtriya Ispat Nigam Limited, the corporate entity of Visakhapatnam Steel Plant, is a Navaratna Public Sector Enterprise under the Ministry of Steel. Visakhapatnam Steel Plant, also known as Vizag Steel, is the first shore-based integrated plant in India, renowned for its quality products.
Doubts Revealed
Atul Bhatt -: Atul Bhatt is the Chairman and Managing Director of Rashtriya Ispat Nigam Limited (RINL), which means he is the top boss of the company.
Andhra Pradesh -: Andhra Pradesh is a state in the southern part of India. It has many important cities and industries.
CM -: CM stands for Chief Minister, who is the head of the government in an Indian state. In this case, it refers to N Chandrababu Naidu, the Chief Minister of Andhra Pradesh.
RINL -: RINL stands for Rashtriya Ispat Nigam Limited, which is a big steel-making company in India.
Garbham Manganese Mine -: The Garbham Manganese Mine is a place where manganese, a type of metal, is dug out from the earth. This mine is important for making steel.
Lease -: A lease is a legal agreement that allows someone to use land or property for a certain period of time. In this case, it means RINL can use the Garbham Manganese Mine for more years.
Manganese ore -: Manganese ore is a type of rock that contains manganese, which is used to make steel stronger.
Palla Srinivasa Rao -: Palla Srinivasa Rao is a person who helped in getting the lease for the Garbham Manganese Mine extended.
M Sri Bharat -: M Sri Bharat is another person who helped in securing the lease extension for the mine.
Ministry of Steel -: The Ministry of Steel is a part of the Indian government that looks after the steel industry in the country.
Industrial growth -: Industrial growth means the increase in the production of goods and services in factories and industries, which helps the economy grow.
