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].
| Company type | Privately held company |
|---|---|
| Industry | Steel |
| Headquarters | , India |
Key people | Obulapuram Mining Company, G. Janardhana Reddy (Promoters) |
Political connections and resource allotment
editBrahmani 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]
References
edit- ^ "Bramhani Steels Board of Directors". Archived from the original on 14 December 2009.
- ^ "Bramhani Steels - About project". Archived from the original on 27 July 2010.
- ^ Reddy, B Dasarath (5 February 2013). "Brahmani to source machinery from China for Kadapa plant". Business Standard. Retrieved 23 May 2019.
- ^ "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.
- ^ "JSW, Reddys deal hinges on iron ore". The Economic Times. 22 June 2010. Retrieved 24 June 2010.
- ^ "Gali steel factory in profit before it begins". Deccan Chronicle. Archived from the original on 6 December 2010.
- ^ "YSR gives 10,000 acres to Brahmani". The Times of India. 7 June 2007. Archived from the original on 11 August 2011.
- ^ "Row over allocation of water to Brahmani Steels". The Times of India. 4 March 2010. Archived from the original on 11 August 2011.
- ^ "Links with Jagan put Reddy in spot". India Today.