Modi govt gives its biggest ally another boost—Rs 11,440 crore revival plan for AP’s Vizag Steel Pla

[socrates]

1 hour ago, Android_Halwa said:

2 lakh crore of property na ?

Rate etla decide chesinaru, like per sft or per yard ? Trying to understand the valuatuon..core and buffer ki okate rate esinara ?

lets talk only land worth not including machinery, raw material in stock..etc

total land is 20000 acres

recently e-auction happened for 30000 sq yards (around 6 acres) raised around 243 crores

now you do the math

https://timesofindia.indiatimes.com/city/visakhapatnam/plots-blocks-worth-243-cr-sold-in-vsp-1st-phase-auction/amp_articleshow/108554886.cms

 

[socrates]

1 hour ago, Pavanonline said:

Properties ekkadi nundi vachayi, govt ichinave kada. Govt vatiki asalu enduku ivvali, govt ki em pani steel business lo.  Private ki ichetapudu transparent ga auction veyali anthe kani govt running is not correct. pani cheyani unions ki mepadam thappa no use.

properties came from government, thats why i am asking sell it for right price

those properties are people money, we cant give it to some industrialists for cheaper price. Thats why politicians are doing this loss propaganda so dont fall far it

[Android_Halwa]

1 hour ago, socrates said:

lets talk only land worth not including machinery, raw material in stock..etc

total land is 20000 acres

recently e-auction happened for 30000 sq yards (around 6 acres) raised around 243 crores

now you do the math

https://timesofindia.indiatimes.com/city/visakhapatnam/plots-blocks-worth-243-cr-sold-in-vsp-1st-phase-auction/amp_articleshow/108554886.cms

 

I knew it.

Are you aware of the buffer zone ? How much do you quote for buffer zone ? And measure ? Like sft/syd/acre ?

In this scale, almost every company’s land is more valuable than the company’s future and in such a case, Don’t you think its better to sell than to run ? 

[socrates]

16 minutes ago, Android_Halwa said:

I knew it.

Are you aware of the buffer zone ? How much do you quote for buffer zone ? And measure ? Like sft/syd/acre ?

In this scale, almost every company’s land is more valuable than the company’s future and in such a case, Don’t you think its better to sell than to run ? 

- actual land is 33000 acres 

- RINL occupies 20000 acres for plant operations 

- the remaining lands are for buffer zones, community development…etc

 

 

from wiki

In the 1970s, Kurupam Zamindars donated 6,000 acres of land for Vizag Steel Plant. A new company Rashtriya Ispat Nigam Limited (RINL) was formed on 18 February 1982. Visakhapatnam Steel Plant was separated from SAIL and RINL was made the corporate entity of Visakhapatnam Steel Plant in April 1982.

Vizag Steel Plant is the only Indian shore-based steel plant and is situated on 33,000 acres (13,000 ha), and is poised to expand to produce up to 20 MT in a single campus. Turnover in 2011-2012 was Rs 14,457 crores.On 20 May 2009, Prime Minister Manmohan Singhlaunched the expansion project of Visakhapatnam Steel Plant from a capacity of 3.6 MT to 6.3 MT at a cost of Rs. 8,692 crores. 

 

 

[Android_Halwa]

54 minutes ago, socrates said:

- actual land is 33000 acres 

- RINL occupies 20000 acres for plant operations 

- the remaining lands are for buffer zones, community development…etc

 

 

from wiki

In the 1970s, Kurupam Zamindars donated 6,000 acres of land for Vizag Steel Plant. A new company Rashtriya Ispat Nigam Limited (RINL) was formed on 18 February 1982. Visakhapatnam Steel Plant was separated from SAIL and RINL was made the corporate entity of Visakhapatnam Steel Plant in April 1982.

Vizag Steel Plant is the only Indian shore-based steel plant and is situated on 33,000 acres (13,000 ha), and is poised to expand to produce up to 20 MT in a single campus. Turnover in 2011-2012 was Rs 14,457 crores.On 20 May 2009, Prime Minister Manmohan Singhlaunched the expansion project of Visakhapatnam Steel Plant from a capacity of 3.6 MT to 6.3 MT at a cost of Rs. 8,692 crores. 

 

 

 

History adagaledu vayya….land valuation ae basis mida esinav, core and buffer ki okate rate esinava leda…acre i crore ante 33,000 acres ante 33k crs ane lekka na leka inkemanna valuation vunda ani adugutunna…

Second, almost every major company has quite amount of land bank…and modern valuations prakaram company net worth kante assets/land valuation as ekkuva kabbati company close chesi land amesukunte ekuva profit kada, ade chesethe pola ?

[socrates]

4 hours ago, Android_Halwa said:

History adagaledu vayya….land valuation ae basis mida esinav, core and buffer ki okate rate esinava leda…acre i crore ante 33,000 acres ante 33k crs ane lekka na leka inkemanna valuation vunda ani adugutunna…

Second, almost every major company has quite amount of land bank…and modern valuations prakaram company net worth kante assets/land valuation as ekkuva kabbati company close chesi land amesukunte ekuva profit kada, ade chesethe pola ?

i dont how much you understand my first reply with news link, but you said “i know it”, and asking the same question again and again 

let me explain again , please read carefully this time 

- RINL plant occupies 20000 acres

- last year December they auctioned just around 6 acres for that they got around 243 crores (thats the basis)

- that means one acre 243/6 = 40 crores

- for your convenience we can say average per acre 20 crors across the plant, that itself 20X19994 =399,880  crores or you want do 10 crores per acre that also leads to 2 lac crores ( this is the reason behind my statement)

- you may ask why that much cost per acre, because its next to shore and its the only plant next to shore/port, very convenient to export and import to other countries like china..etc

- you may ask another question about buffer zone, i clarified that too. Total land is 33000 acres and RINL plant occupies only 20000 acres, so you can leave that rest of the 13000 acres for buffer zone or whatever zone you want. All the math i did is by considering only 20000 acres.

all these are estimates based on  recent land auctions which happened recently december 2024, i am not even adding the machinery costs and goodwill costs or any other miscellaneous costs.

why i am keep mentioning its worth in lacs of crores of land, because there is propaganda to show vizag steel in looses so that it can be given to some corporates for dead cheap price. Saying the worth of the  assets means you have to sell it right away? for example my house worth 1 million should i have to sell it right away? what about the sentiment and feeling of my house? similarly my argument doesn’t mean that plant has to close right away and become a real estate venture.

in my opinion, instead of this additional package center should have done either one these two things

- assign a dedicated iron ore mine, thats the permanent solution (center can do that , it did for others)

- or how andhra bank got merged to union bank, similarly merge the RINL plant with SAIL

finally i dont know why your keep bringing other companies assets in to this (i dont care about other company assets at this time), may be other company assets are more thats fine  (thats not my topic also). But  uniqueness of vizag steel plant is next to the shore and port, that became more eye candy for some corporations. If you are bringing other company assets in this topic i have to bring Gujarath based govt industries  which have even bigger losses and why they are not privatized first place.