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RINL FINANCIAL ISSUES
Over 1,000 RINL employees opt for VRS: MoS Steel Bhupathiraju Srinivasa VarmaOver 1,000 employees of the disinvestment-bound steelmaker RINL have applied for a voluntary retirement scheme (VRS). The VRS benefits alig...- PM Modi supports RINL revival plans: Union Steel Min HD KumaraswamyThe finance ministry commits to supporting Rashtriya Ispat Nigam Limited's recovery through innovative financial mechanisms and debt restru...
- Govt infuses Rs 1,650 cr in RINL to keep it as a going concernThe Indian government has invested Rs 1,650 crore in state-owned RINL to tackle its financial issues. This includes Rs 500 crore in equity ...
- RINL revival plan likely by DecemberBy December, the government plans to finalize a revival strategy for Rashtriya Ispat Nigam Ltd (RINL), addressing its ₹7,500 crore near-NPA...
- Will ensure Vizag steel plant operations streamlined: AP CM Chandrababu NaiduAndhra Pradesh Chief Minister N Chandrababu Naidu has vowed to prevent the privatisation of Rashtriya Ispat Nigam Ltd (RINL), a state-owned...
- RINL aims to make 55,000 wheels in FY24 to meet Railways' demand: CMD Atul BhattState-owned steel manufacturer RINL plans to produce 55,000 wheels in the current financial year to meet demand from Indian Railways. RINL ...
- Govt receives representations to merge RINL with SAIL or NMDC: Minister KulasteThe government has received various representations to merge RINL with SAIL or NMDC, Parliament was informed on Monday. At present, Rashtri...
- RINL eyes Rs 25,000-crore turnover in FY 2019-20P Raychaudhury, Director (Commercial) said RINL is continuously in touch with customers to strengthen the bond with them.
- Task force to prepare road map for steel plants in Andhra Pradesh, TelenganaThe task force has representatives from the Centre and state government, SAIL, Rashtriya Ispat Nigam (RINL), NMDC, MECON and MSTC.
- RINL gets Sebi's nod for IPO"The new timeline for the IPO of RINL would be drawn up after the company ascertains the damage," an official had said.
- Rashtriya Ispat Nigam Ltd gets Sebi's nod for IPORashtriya Ispat Nigam Ltd (RINL) has received market regulator Sebi's approval to raise funds through an initial public offer.
- Rashtriya Ispat Nigam Ltd IPO deferred as company still assessing damages due to HudhudIn September RINL had filed a draft prospectus withSebi for an IPO through which the government will sell 10 per cent of its stake in the c...
- RINL may spend Rs 2,000 cr for capex in FY'14Proposed IPO, which was deferred last year, may take place in the second quarter of next fiscal if the process is initiated.
- Rashtriya Ispat Nigam to go for financial restructuring for better IPO priceRINL has decided to initiate a slew of financial restructuring measures and merge a subsidiary with a view to getting better value through ...
- RINL may get to retain Navratna Status: OfficialState-run steel-making company RINL, which faces the prospect losing its 'Navratna Status', is likely to be allowed to retain the coveted s...
- Rashtriya Ispat Nigam on the brink of losing Navratna statusIn case of RINL losing the Navratna status, company's financial autonomy will also get impacted.
- RINL IPO to hit markets in a fortnight, says Disinvestment SecretaryRINL will be the first PSU to tap the capital market this fiscal. The government is aiming to mop up Rs 2,500 crore by divesting its stake ...
- RINL files draft IPO prospectus with SEBIState-run Rashtriya Ispat Nigam (RINL) submitted a draft IPO prospectus to SEBI. It will sell a 10 percent stake via the listing.
- RINL to file draft prospectus for IPO shortlyState-owned Rashtriya Ispat Nigam has already initiated the IPO process and has appointed four merchant bankers to manage the issue.
- Government approves 10 pc disinvestment in RINL, may get Rs 2,500 croreThe government has approved disinvestment of 10 per cent of its stake in Rashtriya Ispat Nigam Ltd (RINL) through an initial public offer.
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