The Minister of State for Mines and Steel, Shri Vishnu Deo Sai has said that the operations in Visakhapatnam Steel Plant was stopped due to Cyclone Hudhud on 12th October, 2014 on account of failure of power supply. The preliminary estimate of impact of physical damage of property, loss of production and consequential loss of profits is about Rs.350 crores. However, provisional claim for damages to property was lodged with the Insurance Company and the claim for loss of profits is being worked out.
In a written reply in the Lok Sabha today, Shri Vishnu Deo Sai said that the matter was taken up with the Government of Andhra Pradesh for restoration of power supply to the Visakhapatnam Steel Plant and the same was restored in the early hours of 16th October, 2014. The progress of the revival of units in plant is being closely monitored by the Ministry of Steel. All the units have been brought back into operation in a phased manner.
In a written reply in the Lok Sabha today, Shri Vishnu Deo Sai said that the matter was taken up with the Government of Andhra Pradesh for restoration of power supply to the Visakhapatnam Steel Plant and the same was restored in the early hours of 16th October, 2014. The progress of the revival of units in plant is being closely monitored by the Ministry of Steel. All the units have been brought back into operation in a phased manner.
