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By:

Abhijit Mulye

21 August 2024 at 11:29:11 am

Red flag to green steel

Ex-Maoists forge new destiny in Gadchiroli Gadchiroli: The rugged, forested terrain of Gadchiroli district, long synonymous with the violence and deep-rooted anti-establishment tenets of the ‘Red Ideology’, is now witnessing a remarkable social and industrial transformation. At the Lloyds Metals and Energy Ltd. (LMEL) plant in Konsari, once-feared Maoist operatives are shedding their past lives and embracing a new, respectable existence as skilled workers in a cutting-edge Direct Reduced Iron...

Red flag to green steel

Ex-Maoists forge new destiny in Gadchiroli Gadchiroli: The rugged, forested terrain of Gadchiroli district, long synonymous with the violence and deep-rooted anti-establishment tenets of the ‘Red Ideology’, is now witnessing a remarkable social and industrial transformation. At the Lloyds Metals and Energy Ltd. (LMEL) plant in Konsari, once-feared Maoist operatives are shedding their past lives and embracing a new, respectable existence as skilled workers in a cutting-edge Direct Reduced Iron (DRI) and pellet plant. This ‘green steel’ project, part of LMEL’s push for an integrated steel complex in the region, is functioning not just as an industrial unit but as a crucial pillar in the Maharashtra government’s surrender-cum-rehabilitation policy. So far, LMEL, in coordination with the state government and the Gadchiroli Police, has provided employment and training to 68 surrendered Maoists and 14 members of families affected by Naxal violence, a total of 82 individuals, offering them a definitive pathway back to the mainstream. The Shift The transformation begins at the company’s dedicated Lloyds Skill Development and Training Centre at Konsari. Recognizing that many former cadres had limited formal education, the company implements a structured, skill-based rehabilitation model. They are trained in essential technical and operational skills required for plant administration, civil construction, and mechanical operations. For individuals like Govinda Atala, a former deputy commander, the change is palpable. “After surrendering, I got the right to live a new life,” Atala said. “I am very happy to get this job. I am now living my life on my own; there is no pressure on me now.” Suresh Hichame, who spent over a decade in the movement before surrendering in 2009 too echoed the sentiments. He realized the path of violence offered neither him nor his family any benefit. Moreover, his self-respecct was hurt. He knew several languages and carried out several crucial tasks for the banned organization remaining constantly under the shadow of death. Today, he works in the plant, receiving a steady monthly salary that enables him to care for his family—a basic dignity the ‘Red Ideology’ could never provide. The monthly salaries of the rehabilitated workers, typically ranging from Rs 13,000 to Rs 20,000, are revolutionary in a region long characterized by poverty and lack of opportunities. Trust, Stability The employment of former Maoists is a brave and calculated risk for LMEL, an industry that historically faced stiff opposition and even violence from the left wing extremist groups. LMEL’s management, however, sees it as an investment in inclusive growth and long-term stability for the district. The LMEL has emphasized the company’s commitment to training and facilitating career growth for the local populace, including the surrendered cadres. This commitment to local workforce upskilling is proving to be a highly effective counter-insurgency strategy, chipping away at the foundation of the Maoist movement: the exploitation of local grievances and lack of economic options. The reintegration effort extends beyond the factory floor. By providing stable incomes and a sense of purpose, LMEL helps the former rebels navigate the social transition. They are now homeowners, taxpayers, and active members of the community, replacing the identity of an outlaw with that of a respected employee. This social acceptance, coupled with economic independence, is the true measure of rehabilitation. The successful employment of cadres, some of whom were once high-ranking commanders, also sends a powerful message to those still active in the jungle: the path to a peaceful and prosperous life is open and tangible. It transforms the promise of government rehabilitation into a concrete reality. The plant, with its production of iron ore and steel, is physically transforming the region into an emerging industrial hub, and in doing so, it is symbolically forging the nation’s progress out of the ashes of extremism. The coordinated effort between private industry, the state government, and the Gadchiroli police is establishing a new environment of trust, stability, and economic progress, marking Gadchiroli’s transition from a Maoist hotbed to a model of inclusive and sustainable development.

A Patient Investor

Vijay Kedia

Vijay Kedia is a celebrated investor who has amassed significant wealth through patient long-term investments. He entered the market at the age of 19 and has been active in it ever since. Kedia and his firm, Kedia Securities Pvt. Ltd., hold the significant stakes in numerous publicly traded companies. His interest in the stock market blossomed at the age of 14, leading him to start trading at 19. Initially, he attempted to profit from short-term trades but ultimately failed.


After a period, he moved from his hometown of Kolkata to Mumbai in pursuit of better opportunities. After unsuccessful attempts in speculative trading, he shifted his focus to long-term investment strategies. Faced with severe financial difficulties, Kedia chose to take control of his destiny.


It was in 1992, during a bull market phase, that he experienced a stroke of luck. This marked the beginning of Vijay Kedia's investment journey, starting with a modest investment of 35,000 in Punjab Tractors, a move that turned out to be a pivotal decision. Subsequently, in 2004 and 2005, he invested in three small-cap companies: Atul Auto, Aegis Logistics, and Cera Sanitaryware, which saw their values increase over 100 times in the next decade.


Kedia is a firm believer in the SMILE principle in investing, which stands for Small in size, Medium in experience, Large in ambition, and Extra-large in market potential. He emphasises the importance of finding companies with competent management, honest leadership, and promising products that are expected to outperform their competitors and the broader economy. He advises investing in these companies for a period of 10 to 15 years, a strategy he has successfully followed.


Kedia has lived by this philosophy and has amassed a fortune for himself. He has demonstrated that it is indeed possible to accumulate wealth in the stock market without resorting to Futures and Options trading. According to the latest data from Ticker, Vijay Kedia currently owns 15 publicly traded stocks. His net worth is estimated to exceed Rs 1500 crore.

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