It has been quite a while since the Vizag Steel Plant has become the focus of attention right from the Centre to the State of Andhra Pradesh. For some reason, the Centre is making moves to privatize VSP and it was met with a lot of protests. The analysts say this is part of the Modi government's blind love towards the Adani group.
Already, some of the most important airports, sea ports and other important establishments have gone into the clutches of the Adani group and VSP was also in the hit list. However, fate has turned its back on the Adanis and they are going through a major financial crisis.
Their stocks are already shaking in the market and the Adani group also had to call back its FPO. Now, with so much on their minds, there is a talk that the Adani group may take a back step in grabbing the Vizag Steel Plant. If that happens, the people of Andhra Pradesh will deem it as an avenue that increases the victory chances for CM Jagan.
It is known that the Andhra Pradesh government is doing what it can in its power to ensure VSP doesn't fall into private hands and this will be a victory for the government. And this will turn the people's tide towards YSRCP. The coming days will give a clear picture soon.
