Bramhani Industries Explained

Bramhani Industries
Type:Privately held company
Industry:Steel
Hq Location City:Kadapa, Andhra Pradesh
Hq Location Country:India
Key People:Obulapuram Mining Company, G. Janardhana Reddy (Promoters)

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.

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 10670acres 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]

External links

Notes and References

  1. Web site: Bramhani Steels Board of Directors. dead. https://web.archive.org/web/20091214030054/http://www.bramhani.com/directors.aspx. 2009-12-14.
  2. Web site: Bramhani Steels - About project. dead. https://web.archive.org/web/20100727234135/http://www.bramhani.com/aboutproject.aspx. 2010-07-27.
  3. News: Brahmani to source machinery from China for Kadapa plant. 5 February 2013. B Dasarath. Reddy. Business Standard. 23 May 2019.
  4. News: Brahmani Steels signs MoU for Rs. 36,000-crore project. https://web.archive.org/web/20100608161145/http://www.hindu.com/2010/06/04/stories/2010060453150400.htm. dead. 2010-06-08. Chennai, India. The Hindu. 2010-06-04.
  5. News: JSW, Reddys deal hinges on iron ore. 2010-06-24 . The Economic Times. 2010-06-22.
  6. Web site: Gali steel factory in profit before it begins. Deccan Chronicle. dead. https://web.archive.org/web/20101206014722/http://www.deccanchronicle.com/hyderabad/gali-steel-factory-profit-it-begins-981. 2010-12-06.
  7. News: YSR gives 10,000 acres to Brahmani. https://web.archive.org/web/20110811084952/http://articles.timesofindia.indiatimes.com/2007-06-07/hyderabad/27994664_1_visakhapatnam-steel-plant-vizag-steel-jammalamadugu. dead. 2011-08-11. The Times of India. 2007-06-07.
  8. News: Row over allocation of water to Brahmani Steels. https://web.archive.org/web/20110811085114/http://articles.timesofindia.indiatimes.com/2010-03-04/hyderabad/28139870_1_rtps-tdp-members-reservoir. dead. 2011-08-11. The Times of India. 2010-03-04.
  9. Web site: Links with Jagan put Reddy in spot. India Today.