Visakhapatnam: Even when the Central government is keen on privatising
Visakhapatnam Steel Plant (VSP), the shortage of coal is another worrying
factor pushing the organisation towards losses. The statistics show that a loss
to the tune of Rs 420 crore was incurred due to various reasons in the first
quarter of the financial year. However, the management and trade unions are
considering measures to improve the coal reserves and earn profits at least
from August.