Speaking to the media on Thursday, he assured that all efforts would be made to revive APSFL and put it back on the path of development.
Reddy revealed that a vigilance inquiry into the irregularities was underway and that action would be initiated based on its findings. Sharing details of the alleged misuse, he stated that APSFL had 10 lakh cable connections in 2019, which declined to 5 lakh by 2024.
"This reflects the state of affairs during the YSRCP regime," he said, adding that APSFL is now burdened with a debt of ₹1,262 crore.
This story is from the December 20, 2024 edition of The New Indian Express Tirupati.
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This story is from the December 20, 2024 edition of The New Indian Express Tirupati.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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