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Gali Janardhan Reddy a strong ally of Y S Rajashekar Reddy is all set to new venture in film industry is dubbing Telugu version of Kannada flick titled as ‘Buddhimanthudu’ which happens to be ‘Budhivantha’ in Kannada. There is also a caption that reads ‘nenu vaadini kaanu’ and the film has real star Upendra who will be seen in close to six roles and he is flanked by a bevy of five beauties including the dusky seductress Suman Ranganathan. GJR is looking at releasing the film for Ugadi as a festival gift.
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KADAPA: Chief Minister Y.S. Rajasekhara Reddy is amassing wealth using Bramhani Industries Limited promoter Gali Janardhan Reddy as a conduit, TDP leaders alleged on Wednesday. Condemning Mr. Janardhana Reddy’s remarks against TDP President N. Chandrababu Naidu, TDP district vice-president S. Subhan Basha and city president B. Arifullah advised to exercise restraint lest he should incur the people’s wrath.

They asked him not to make intemperate remarks against Mr. Naidu and give rise to a situation wherein he might have to leave the mines and the State soon.

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HYDERABAD:

Reacting strongly to the allegations levelled by Telugu Desam leader and Rajya Sabha member M.V. Mysoora Reddy, promoter of Brahmani Steel Plant and MLC of Bellary G. Janardhana Reddy said that he would file criminal defamation cases against Mr Mysoora Reddy, and Telugu dailies Eenadu and Andhra Jyothi.

Speaking to reporters here on Wednesday, Mr Reddy alleged that the TDP leader, and the two Telugu dailies were trying to block the progress of the Brahmani Steel Plant, coming up in the backward area of Kadapa district and is expected to create employment opportunities to lakhs of people in the district.
                

The company is setting up a second steel plant in the State with an initial installed capacity of two million tonnes, on par with the Visakhapatnam Steel Plant. The first phase of the steel plant would be completed in 18 months with an investment of Rs 4,500 crores. The State government has allotted 10,675 acres of land in Jammalamadugu in Kadapa district for the plant.
                

 “Mr Mysoora Reddy alleged that I don’t have the financial resources and that my entire family’s net worth is only Rs 30 crores. But the net worth of myself and my wife is Rs 115 crores. I own a helicopter which I purchased for Rs 15 crores, a deluxe bus for Rs 4 crores and cars worth Rs 5 crores.
                

 My group’s turnover in 2006-07 was Rs 2,008 crores for which I have filed IT returns. Out of this, Obulapuram Mining Ltd, which is into iron ore business, had a turnover of Rs 1,200 crores,” Mr Reddy pointed out.
                

“Mr Mysoora has said that nowhere in the world a steel plant has been set up in more than 1,000 acres. Forget the world, our own Vizag Steel Plant in Visakhapatnam is spread over 28,000 acres. Jindal Steel Plant in Bellary has 8,000 acres under its possession,” Mr Reddy remarked.

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The town of Kadapa happens to be the hometown of chief minister Y S Rajashekar Reddy. The town already boasts of an airport. The government has now gone ahead and accorded permission for the setting up of another airport. And the beneficiary is none other than Gali Janardhan Reddy of the controversial Obulapuram mining corporation.

The government has already given him about 17,000 acres for mining. Not the government is about to hand him another 3,500 acres in the name of the airport. The airport will be a modern one with facilities like night landing. The airport will come up near Muddunur near Kadapa. The OBC has also expressed its interest to set up an aviation university at the place in addition to the airport.

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