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RINL REVIVAL PLAN
SBI board approves RINL recast planSBI's board has approved a restructuring package for Rashtriya Ispat Nigam (RINL), paving the way for other government lenders to follow su...- Lenders close to finalising recast package for Vizag's RINLBanks, led by SBI, are finalizing a restructuring package for Vizag's Rashtriya Ispat Nigam (RINL) to revive the previously defunct steelma...
- Government approves Rs 10,300 cr equity infusion for RINLThe government has approved a ₹10,300 crore equity infusion in Rashtriya Ispat Nigam Limited (RINL), conditional on increasing its capacity...
- CCEA approves Rs 11,440 crore RINL revival planThe CCEA approved an Rs 11,440 crore revival plan for RINL, including Rs 10,300 crore in fresh equity. RINL aims to achieve peak steel prod...
- 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...
- 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...
- Vizag Steel Plant misses payment, lenders look for coverGovernment-owned Rashtriya Ispat Nigam Ltd (RINL) missed a payment to lenders due to financial stress, raising alarms among stakeholders. W...
- Police detain farmers' union members protesting against privatisation of Vizag Steel Plant in Andhra PradeshIn an open letter to the Union Government, KTR said that the Narendra Modi government's "evil plans" to sell off the VSP to private players...
- Preparing to recommence production after the end of lockdown: JSW Steel"We are still scaling down our operations, closing some mills and steel melting shops, while maintaining a minimum temperature," a SAIL spo...
- Panel set up to turn around SAIL's fortunesDue to the government's initiatives in 2016-17, SAIL could increase its domestic sales to 12.43 mt in 2016-17, from 11.9 mt in 2015-16, reg...
- Narendra Singh Tomar directs RINL to check cost over runs, delay in expansionThe union steel & mines minister Narendra Singh Tomar expressed concern over time and cost over runs at the public sector Vizag Steel Plant...
- RINL to invest Rs 60,000 cr to have 20 MT capacity by 2027The company is in the process of stabilising new units under the current phase of expansion that got delayed by over a year.
- Kudremukh Iron Ore in talks for setting up four new pellet plantsKudremukh Iron Ore Company is exploring opportunities to partner state-owned miners and steel makers for setting up four new pellet and ben...
- Government may resume privatisation programme, sets Rs 30k crore targetThe government could resume its stalled privatisation programme by selling stakes in BHEL and SAIL, two leading public sector units, as wel...
- Steel minister Beni PRasad Verma says steel processing units to be set up in UPBeni Prasad Verma said that SAIL would be stetting up processing units in Barabanki, Lakhimpur Kheri, Gonda and Mirzapur to boost industria...
- RINL in talks to buy Neelachal Ispat to meet iron ore needsRINL is negotiating for its 47% equity stake in Neelachal Ispat and expects the transaction to be concluded in the Rs 800 crore to Rs 1,000...
- Oz floods force cos to delay coal M&A plansIndian companies looking to acquire Australian coal assets appear to have put their plans on hold for at least three to six months followin...
- RINL set to acquire majority stake in five ailing PSUsSetting the ball rolling for Rashtriya Ispat Nigam Ltd to acquire majority stakes three mining companies and two others, the Steel Ministry...
- An offer too many for steel gurusFor BN Singh and Siva Sagar Rao - two of the most experienced professionals in the Indian steel industry - their retirement has landed both...
- Paswan has cheap drugs for poorEven as he rattled off growth and productivity figures for steel, reeled off demand and supply statistics and invited investments to India.
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