Profile picture
Chakravarty Sulibele
@astitvam
, 14 tweets, 6 min read Read on Twitter
VISL a century old steel company started by Sir M Vishveshvarayya is pride of Karnataka facing a crisis of disinvestment today. Please go through the thread to understand the problem.
#VISLonDeathBed
Bharata Ratna Sir M V was president of this institution who had worked relentlessly to bring this factory on profit line. Up to 1970 this was making profit and in 1989 Ktk govt sold 60% share to SAIL at a throwaway price to manage the then crisis.
#VISLonDeathBed
The first two years after major takeover the company made profit in spite of the global money crunch. Inspired by this SAIL went ahead and bought all the shares. Ktk govt waved off electrical bill and the interest on the loan as a good gesture.
#VISLonDeathBed
SAIL lost interest afterwards and VISL started sinking. No new technology was introduced some times they even tried failed technology. In 2013 SAIL wanted to collaborate with others just 2 save their faces. But met with unprecedented reactions took bk d decision
#VISLonDeathBed
At the same time SAIL had invested 20k cr in ISSCO, 2.5k cr in Selam steel plants. Even neglected by SAIL this VISL was making least loss of them all! Why have they neglected? Any vested interests?
#VISLonDeathBed
In 2015 the then Minister Narendra Tomar promised of 1k cr investments if VISL gets mines from the Ktk govt. Obviously in a hurry to protect the interests of the people VISL pleaded the Ktk govt to get 140 acres of mines at Bellary!
#VISLonDeathBed
*140hectares
#VISLonDeathBed
But nothing happened in reality. In 2018 steel minister Chaudhari Birendra Singh assured of 6k cr for VISL which will be utilised for the upgradation of the capacity of d factory!
Sorry. Nothing happened 😞
#VISLonDeathBed
At present VISL has 60 metric tons of finished goods which amounts to 300cr rupees unsold! VISL kept demanding for the authority of sale which is with Central marketing Organisation now. Why they are not selling the product is a million dollar question.
#VISLonDeathBed
McCON India has done a survey and given a report. If 1297cr invested VISL will give 15% returns. And 3297cr investments will take the returns to 22%. That is to say VISL can still be taken to the positive side of the sin wave!
#VISLonDeathBed
We have just one question @narendramodi ji. After buying the company with thousands of promises SAIL till now has invested only 157cr into VISL. Without trying a bit if they want to disinvest now will that not affect the livelihood of the people here?
#VISLonDeathBed
D people of Ktk have sacrificed everything for this.
1. Shares at Lowest price
2. Waive off electricity bill
3. Waive off interests on loan
4. Sanctioned mines near Sandur
But not an iota of response by SAIL. Please review d decision and give us a chance 2 rebuild
#VISLonDeathBed
Definitely we thank @BSYBJP and @BYRBJP for raising this issue regularly on the national platform. But the voice need to be big now. Let all the 28 MPs of Ktk gather forgetting their parties to save the pride of Karnataka!
#VISLonDeathBed
@dpradhanbjp ji VISL is not just a steel plant but it’s pride of Karnataka. Before disinvesting invest first please!
#VISLonDeathBed
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Chakravarty Sulibele
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Related hashtags

#VISLonDeathBed

More from @astitvam see all

Profile picture
Chakravarty Sulibele
@astitvam
#Doddane of Chamrajnagar district of Karnataka surrounded by hills. You have to walk almost 7 KM to reach to this village. No clean drinking water, no gas, no medical facilities and no roads too. @yuva_brigade has decided to adopt this village and make it heaven. #GramSvarga
This village has 150 houses with population of around 800. This is the first hill of 77 hills which has the highest influence of Male Mahadeshwara the local deity. The people have to trek 15 KM even for a Kilo of Rice. They have seen electricity recently!
No medical facilities. Spoke to lady who was sleeping on road suffering from fever as she could not walk continuously in that condition! A father carrying his child told us that he’s coming from hospital after treatment to his son. Walk all the way 15 KM for a simple treatment?
Read 9 tweets
Profile picture
Chakravarty Sulibele
@astitvam
Kukke subramanya is the only NAGA kshetra of the nation. But this is the condition of this holy land today. We could collect thousands of bottles roadside more than half is this liquor bottles. Why do people come to places like this? Have we failed to maintain the sanctity?
#1
Kukke Subramanya located in the village of Subramanya, Karnataka. In this temple Kartikeya is worshipped as Subramanya,lord of all serpents. The epics relate that the divine serpent Vasuki and other serpents found refuge under Subramanya when threatened by the Garuda.
The Kumaradhara River is one of the two major rivers of Sullia, it merges with the Netravati River.
It is believed that pilgrims visiting the Kukke Subrahmanya Temple must cross the Kumaradhara, taking a holy bath in it before they go on to the temple to have darshan.
Read 12 tweets
Profile picture
Chakravarty Sulibele
@astitvam
1.
 Pakistan is singled out by world communities. No one believes them now. Organisation of Islamic Cooperation at first rejected the threat of Pakistan boycotting the summit if India was invited. Indeed India was invited and @SushmaSwaraj ji addressed their plenary session.
2.
 Sushma ji addressed quoting Rigveda, Svami Vivekananda and never hesitated to speak against terrorism. She convinced Islamic countries that the India's fight is against terrorism and definitely not against any religion. Her speech lasted for 17 minutes and had a great impact.
3.
 Indian official later addressed a press meet where they looked confident of @OIC_OCI support. India had promised multi billion loans to islamic countries and scholarships to more than 2k students. It looked everything was in our favour.
Read 9 tweets

Related threads

Profile picture
koshurhaakh
@rjvraina
Each Kashmiri including me has been made to believe that we did a great favour on India by acceding to it while our women were being raped and men killed by the Pakistani raiders in 1947/1948.... 1/n
Please go through this thread to understand the genesis of pampering kashmir... British never left India as their DNA remained ingrained in our national political parties... we lived in constant fear that the enemy would ascend the mountain 2/n
This was a legacy of great game that British played fearing Russian attack through the mountain ... carried forward in the minds of Indians via politicians of that era... every step from accession to raking up the issue was taken up by politicians under the fear of unknown 3/n
Read 22 tweets
Profile picture
| Vivekk - विवेक - বিবেক - விவேக் |
@Oyevivekk
Today is a big day, exercise your freedom to choose wisely. Your decision will decide the future choices that will be available for the coming generation, hence I request you to please go through the thread before you decide.

● Let's see Mr. Modi's performance in last 5 years:
1. Fragile five to fastest growing economy - India

2. 11th largest to 5th largest economy – India

3. Share of world GDP from 2.43% in 2014 to 3.08% in 2018

4. Average GDP 7.3% against 6.7% in previous regime.
5. Forex reserves from 300 Billion USD in 2014 to 420 billion USD in 2018.

6. Doubling of FDI inflow from 36 billion USD in 2014 to 66 billion USD in 2018.

7. Inflation less than 2.3 % (Nov 18) against 10.1% in 2014.
Read 22 tweets
Profile picture
Taiwo_Ajakaye
@dmightyangel
Please go through the thread I was referencing this Thread on #PoeticJustice to, it will make your day, and it will add to your wisdom:

Poetic justice DEFINED:
noun
the fact of experiencing a fitting or deserved retribution for one's actions.
I got a timely help from @cyberagbero who directed me to watch this video without knowing my plan. You will do well to see this cancer of corruption in Africa where YOU call those who are corrupt fine names instead of calling them their real name: THIEVES
Odinga was showing how corruption and corrupt judges like Onnoghen all across Africa have been a major impediment to fight against corruption.
He said you keep calling corrupt people different nice names apart from their real name: THIEVES 🤣🤣
#PoeticJustice and #NaturalJustice
Read 26 tweets
Profile picture
Sam Hart
@hartng
So the narrative our opponents are trying to force down people's throats here is that the Ikpeazu administration has not done anything. I will run a thread of roads constructed by this administration in 3 years with names & location.

Here goes.

#Thread
Ehere Rd, Aba.

#IkpeazuProjects
Ugwuezi Road, Abiriba, Ohafia LGA

#IkpeazuProjects
Read 47 tweets
Profile picture
SainathKM
@sainathkm
A List of Financial Freedom steps - Learnings which worked! ✅
#Thread #FinancialFreedom 🔘
Should I be Financially Free to be Happy?
⚪ No, skip this thread
🔘 Maybe, Let me go through the thread
🔘 Yes, That's one of the ingredients for Happiness, Let me check if I missed anything.
What should be my first Goal when I start earning (or Today)?

⚪️ Nothing
⚪️ Let me spend my money
🔘 Create the list of short (1-2 year), Medium (2-5 years) and Long-term(More than 5 years) Financial needs and goals
Read 19 tweets
Profile picture
Dr.Bhooshan Shukla
@docbhooshan
Today @IndianMedAssn has called for a nationwide 12 hr strike to protest against National Medical Council Bill to be introduced in Parliament today.
What are these objections? How can they seriously hurt you as a patient? Please go through this thread -
2. Some good stuff - Old Medical Council of India will be shut down and 4 new bodies will replace it. This will bring in more specific expertise and faster decision making.
3. All four bodies will have few doctors and remaining all members (overwhelming majority) to be nominated by central government. States have little or no say
Read 10 tweets

Trending hashtags

#support #ParentalRights #Avatar #WalkAway #Human #MissingFosterCare #reasonableadjustments #USA #EarthDay #Archeological #Infinite #Democrats #Propaganda #atos #tories #ChildAbuse #Maharashtra #Gaslighting #Looking #ExcellentSpirit #SirLRO #Kurukshetra #Morocco #unhelpful #Kurukshatra
Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!