Bramhani Industries

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Bramhani Industries Limited also known as Brahmani Steels and Bramhani Steels is an Indian iron and steel company promoted by Obulapuram Mining Company and G. Janardhana Reddy. [1] The company is building a 1.7 metric tonnes per annum steel plant in Kadapa district of Andhra Pradesh. [2] The company has announced plans to source state of the art steel equipment from China. [3] The company has also proposed to build a 6 million metric ton steel plant in Bellary. [4] JSW steel is said to be in talks for partial ownership of OMC. [5] Bramhani steels and Obulapuram are linked to illegal mining of Iron ore in Karnataka [ citation needed ].

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Political connections and resource allotment

Brahmani steels is reportedly in profit before producing any steel, owing to iron-ore sales from captive mines allotted by the Andhra Pradesh Government. [6] Former Andhra Pradesh Chief minister Y. S. Rajasekhara Reddy allotted 10,670 acres (43.2 km2) of land to Brahmani steels at a rate of Rs 18,500 per acre in Kadapa. [7] There is also an ongoing controversy in the allotment of water to Brahmani Steels in Kadapa at the expense of Rayalaseema Thermal Power Project (RTPS). [8] Y. S. Jagan Mohan Reddy, the son of Y. S. Rajasekhara Reddy and the claimant of his political legacy, is reported to have a business interest in Brahmani. [9]

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References

  1. ↑ "Bramhani Steels Board of Directors". Archived from the original on 14 December 2009.
  2. ↑ "Bramhani Steels - About project". Archived from the original on 27 July 2010.
  3. ↑ Reddy, B Dasarath (5 February 2013). "Brahmani to source machinery from China for Kadapa plant". Business Standard . Retrieved 23 May 2019.
  4. ↑ "Brahmani Steels signs MoU for Rs. 36,000-crore project". The Hindu . Chennai, India. 4 June 2010. Archived from the original on 8 June 2010.
  5. ↑ "JSW, Reddys deal hinges on iron ore". The Economic Times. 22 June 2010. Retrieved 24 June 2010.
  6. ↑ "Gali steel factory in profit before it begins". Deccan Chronicle. Archived from the original on 6 December 2010.
  7. ↑ "YSR gives 10,000 acres to Brahmani". The Times of India . 7 June 2007. Archived from the original on 11 August 2011.
  8. ↑ "Row over allocation of water to Brahmani Steels". The Times of India . 4 March 2010. Archived from the original on 11 August 2011.
  9. ↑ "Links with Jagan put Reddy in spot". India Today.
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