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Government can waive off electricity dues of Tayo Rolls: CM

Jamshedpur, June 4: Amidst ongoing crisis of Gamharia-based Tayo Rolls Ltd in adjoining Seraikela-Kharsawan district, CM Raghubar Das said that the Government can think of waiving off electricity dues of the company.

But the final decision needs to be taken by the company management whether they want to continue to run the company. Talking to newsmen, Das said that being a labourer himself he understands the pains but the Government can only assist the company management but to run it the final decision rests with the management.

Tayo Rolls Limited (formerly Tata-Yodogawa Limited) a metal fabrication and processing company headquartered in Jamshedpur and a subsidiary of Tata Steel is reeling under crisis.

Tayo Rolls’ products are primarily cast rolls, forged rolls, special castings and pig iron. It was promoted in 1968 in collaboration with Yodogawa Steel Works of Japan. It is the only company in the world to manufacture both cast and forged rolls right from iron ore with its integrated facilities under one roof.

But after 2008, the company continued to incur heavy loss every year and finally the Board of Directors in February decided to refer the company to Board for Industrial and Financial Reconstruction (BIFR).

Moreover, on May 26, the board of directors decided to introduce VSS. According to a senior official of the company, the Board of Directors of the Company at its meeting held on May 26, 2016 approved the proposal to introduce employees VSS with immediate effect, and to suspend operations in a phased manner.

Meanwhile, on the eve of World Environment Day CM Raghubar Das announced that the Government will launch tree plantation drive across Jharkhand. Das, will himself participate in a drive tomorrow at Chakulia. Addressing the media he said he is concerned over the green cover city and has planned to embark on a green drive. If everything goes as planned within few months will witness plantation of trees, landscaping activities.

While addressing media at the circuit house, CM said that the plantation campaign will be organised on the lines of Yojana Banao Abhiyan. He asked all the Government officials and public representatives to plant saplings across the year.

Latter Das also presided over a meeting to review development schemes in East Singhbhum district. “Our government is focussed on a time-bound program to improve infrastructure both in rural and urban areas.

Roads, electricity and water are our priority areas along with improving infrastructure in schools and we are working on these areas. We are confident to complete the projects as per our plans,” said Das. He also expressed a need to take steps to stop wastage of water in the State.

He went to add that the Government plans to ensure road connectivity across village, blocks and districts in the state by December 2017, providing free electricity connections across villages and habitations by March 2018, a massive rainwater conservation measures with construction of one lakh mini-ponds, 2000 ponds using machines across state by June 15, 2016.

During the meeting SSP Anoop T Mathew, raised the issue of lack of proper road network in Naxal infested areas. CM promised that steps are being taken to improve road network and more infrastructural steps will be taken.

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