APHMEL which belongs to Singareni Collieries Ltd is based near Vijayawada. The machinery which is made by APHMEL is being used by Singareni. Singareni Collieries Ltd hold 84 percent stake in APHMEL.
Inspite of the strong opposition from Telangana Government, CM Jaganmohan Reddy decided to take a firm decision of claiming ownership of APHMEL who's assets are valued at Rs 600 crore. If Joint Assets located in Hyderabad belongs to Telangana, Why don't those Joint Assets located in Vijayawada belong to AP?
When Singareni Collieries Ltd brought this shocking move to his notice, Telangana CM KCR assured to them that he will speak to Jagan for resolving it. How will Telangana CM convince his AP Counterpart to withdraw the GO? He needs to prepare himself for few sacrifices to make that happen..isn't it?