The efforts of the state government to bring down the steel prices has yielded results with Steel Manufacturing companies agreeing to distribute the same at the rate of Rs. 43,660 per metric ton.
Thanks to the concerted effort of the Ministers KT Rama Rao and Indrakaran Reddy, the steel manufacturing association has now agreed to supply the same to enable state government to implement double-bedroom housing scheme on large scale. This will save the state exchequer a sum of Rs. 264.60 Crore.
A decision to effect was taken at a meeting held here in Pragati Bhavan today where in the steel manufacturers have agreed to supply at the above price keeping in view the 2-months lock-in period from February 16 to April 16. The ministers appreciated the efforts of the Special Chief Secretary Housing Chitra Ramachandran in this regard.
The Ministers appealed to the manufacturers to consider the request. They explained them the government’s intention behind building residential houses for the poor and marginal sections and considering the amount of steel required for building double-bedroom houses.
According to officials, the construction of double-bedroom houses require 1.45 lakh metric ton for building 1 lakh houses in rural area while 2.78 lakh metric ton is required for the same in GHMC limits. At present, the steel is available in the open market at Rs.53,100 including GST per metric ton which would now be supplied at Rs.43,660 per metric ton inclusive of GST. This would save the government an whopping Rs.264.60 crore on the whole as Rs.9,440 is being saved on each metric ton.
The others who participated in the meeting include Chairman Housing Corporation Mudupu Bhoom Reddy, MLC Paturi Sudhakar Reddy, MLA Guvvala Balaraj, Special Chief Secretary Chitra Ramachandran, Principle Secretary Aravind Kumar, Commissioner GHMC Janardhan Reddy, Commissioner Commercial Taxes Anil Kumar and Chief Engineer Satya Murthy and members of the steel manufacturing association comprising its Chairman Suresh Kumar Singhal.