Ahead of PSU’s sale, half of RINL land to be kept aside

Around 9,000 acres of the excess land with state-run Rashtriya Ispat Nigam (RINL) may be separated from the entity before it is put up for sale. The government expects participation from all major domestic steel firms and a couple of international players as the privatization process for the 7.3 million tonne per annum (mtpa) port-based … Read more

RINL divestment would lead to capital infusion, capacity expansion: Union Steel Minister

The strategic divestment of the steel maker Rashtriya Ispat Nigam Limited (RINL) would lead to capital infusion, capacity expansion, technology and better management practices, the Union Steel Minister Ram Chandra Prasad Singh said in a written reply in Lok Sabha, on Wednesday. Singh said, RINL has “not increased its profits” during the last ten years, … Read more