2 months ago
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Raghava Constructions (India) Pvt. Ltd. denied the ‘allegations’ made by BRSLP Deputy Floor Leader T. Harish Rao regarding evasion of seigniorage. The institution besides clarified that nary contiguous household members of Revenue Minister Ponguleti Srinivasa Reddy are progressive successful its operations.
Following the contention that erupted astir their company, Director D. Niranjan Reddy, successful a connection issued here, said that the institution had not received immoderate announcement from the Mines and Geology section either astatine its bureau oregon done its authorised representative. He stated that they came to cognize of the contented lone aft it was raised successful the Assembly.
The institution further clarified that Raghava Constructions (India) Pvt. Ltd. has ne'er established oregon operated immoderate crusher connected its ain astatine Kothwalguda village, Shamshabad mandal, Ranga Reddy district.
“Thirumala Metal Industry obtained a crusher owned by Raghava Constructions (India) Pvt. Ltd. connected lease successful 2024 for its crushing operations astatine Kothwalguda village,” helium said.
He besides stated that Raghava Constructions (India) Pvt. Ltd. is not liable for the outgo of seigniorage interest for the stocks disposable astatine the crusher/stock point, arsenic the institution is not carrying retired immoderate crushing operations.
The institution further informed that its Directors are Ponguleti Prasad Reddy, Managing Director, and D. Niranjan Reddy, Director.
