Bramhani Industries

Bramhani Industries
Company typePrivately held company
IndustrySteel
Headquarters
Kadapa, Andhra Pradesh
,
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[citation needed].

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]

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.