Page 2 - Rinl

Steel minister Ram Chandra Singh reviews performance of RINL, 3 other PSUs

Union Steel Minister Ram Chandra Prasad Singh on Tuesday reviewed the performance of state-owned RINL, MSTC, KIOCL and MOIL, according to a release.

NBCC to submit project report on RINL's 22-acre land in Vizag by June-end

State-owned NBCC will submit the detailed project report (DPR) to RINL by month-end for the steel maker's 22.19 acre land in Visakhapatnam city, a popular tourist destination in Andhra Pradesh.

Centre's disinvestment plan: A stress test for zombie steel plants

The disinvestment of loss-making plants may likely attract interest from secondary steel makers rather than the big players

RINL privatisation prompts Posco to explore new locations for steel plant

Andhra govt has invited Posco to set up a unit at Krishnapatnam, but steel major has not taken a decision yet

RINL expects Rs 1,000-crore from sale of 22-acre land in Visakhapatnam

State-owned RINL expects to garner Rs 1,000 crore from the sale of its 22.19 acre land located in the heart of Visakhapatnam city, a popular tourist destination in Andhra Pradesh

Trade unions and political parties oppose privatisation of RINL

: Hundreds of employees of Visakhapatnam Steel Plant on Friday took out a protest rally against the proposed divestment of Rashtriya Ispat Nigam Limited (RINL), the corporate entity of the steel- maker. The parties, including the ruling YSR Congress, supported the agitation. The protestors demanded that the Centre withdraw its proposal and save the steel plant as it is one of the biggest and profitablepublic sector undertakings in the state. The Union Cabinet had cleared the privatisation of Rashtriya Ispat Nigam Ltd (RINL), DIPAM (Department of Investment & Public Asset Management) Secretary Tuhin Kanta Pandey tweeted on February 3. The RINL strategic sale proceeds would be part of the disinvestment target for next fiscal. The government has budgeted Rs 1.75 lakh crore from disinvestment in 2021-22 fiscal beginning April 1. "The CCEA (Cabinet Committee on Economic Affairs) had, on January 27, 2021, given in-principle approval for 100% strategic disinvestment of the

Domestic steel industry showing signs of recovery as demand picks: RINL CMD

Due to the bad market conditions developed post outbreak of the virus, steel makers were forced to cut down their operations by up to 50 per cent in April

Steel companies step up oxygen supply across India to aid Covid-19 patients

In the last 40 days, RINL has supplied more than 4,000 tonnes of liquid oxygen to the local state administration, at an average of 100 tonnes a day

Govt asks RINL, POSCO to form joint working group for AP steel project

The JWG would meet regularly to expedite the implementation of the MoU, the ministry said.

Big ticket infra projects to boost steel demand despite slowdown: RINL CMD

A government task force recently projected total investment of Rs 111 trillion in infra projects over five years to augment infrastructure and create jobs in the country

NMDC, RINL get one coal mine each, set to add 10 MT per year in output

The mines, located in Jharkhand, will boost coking coal production and reduce the steel industry's dependence on imported coal, it added

RINL in talks with SBI for Rs 1,600 crore debt for UP project

Firm has product price formula of production cost plus 10% return per set of wheels

Steel Min approaches Coal Min for allocation of blocks to RINL

With the aim of expanding and modernising the state-run steelmaker