Centre could privatise 5 companies by 2022; Check firms' names that could help meet disinvestment target
For FY23, the Central government has reduced the disventment target to Rs 65,000 crore.
Apr 14, 2022, 08:58 AM IST
Profit making PSUs may be asked to submit IPO plans to govt
Profit-making unlisted PSUs and their subsidiaries may have to submit listing plans while signing annual performance pacts with the government, a move aimed at helping the Centre garner resources and unlocking the value of many state-owned firms.
Aug 09, 2015, 11:58 AM IST
RINL eyes capacity expansion of 16 million tonnes by 2025
Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Vizag Steel, is chalking out plans to expand capacity to 16 million tonnes per annum (mtpa) by 2025 with an investment of Rs 35,000 crore, a a top official said.
Jul 01, 2015, 10:57 AM IST
Tomar directs RINL to check cost over runs, delay in expansion
"While reviewing the progress of modernisation and expansion, the Minister expressed concern over time and cost over runs and advised to conduct root cause analysis so that lapse, lack of foresight and other reasons could be pinpointed for avoidance in future," the statement added.
Jun 23, 2015, 18:23 PM IST
RINL's IPO not linked to raising resources
The Rashtriya Ispat Nigam Ltd (RINL) proposal for an IPO is not linked to raising resources for its corporate requirements, its CMD said Sunday.
Jun 14, 2015, 22:59 PM IST
RINL sets sights on 4.1 million tonnes steel output this fiscal
State-owned steel maker Rashtriya Ispat Nigam (RINL) on Saturday said it's aiming to produce 4.1 million tonne of saleable steel for the current fiscal.
Jun 13, 2015, 21:58 PM IST
RINL saleable steel production up 24% in April-May 2015
Production of hot metal, liquid steel and captive power generation also recorded a growth of 10 percent, 13 percent and 24 percent respectively, Visakhapatnam Steel Plant (VSP), said in a statement.
Jun 06, 2015, 16:00 PM IST
Parl Panel asks govt to allot captive iron ore blocks to RINL
A Parliamentary panel "strongly" reiterated its recommendation to the government to allot iron ore blocks to state-run steel major RINL to help it achieve the planned capacity addition of 20 million tonne (MT).
May 06, 2015, 21:14 PM IST
RINL, APMDC inks deal on magnetite iron ore extraction
The mineral extracted will be processed by APMDC and will be consumed by RINL for its steel making, a press release issued by the state government said.
May 02, 2015, 17:07 PM IST
RINL, APMDC inks deal on magnetite iron ore extraction
State-owned Rashtriya Ispat Nigam Ltd (RINL) and Andhra Pradesh Mineral Development Corporation (APMDC) have entered into a pact to explore and extract Magnetite iron ore in West Godavari district.
May 02, 2015, 16:01 PM IST
RINL sets Rs 18,000 crore turnover target for FY'16
Rashtriya Ispat Nigam Ltd (RINL) aims to achieve a turnover of Rs 18,000 crore in the current financial year.
Apr 02, 2015, 19:31 PM IST
Odisha proposes to sign MoU with RINL for steel plant
Odisha government on Wednesday proposed to sign an MoU with the Rastriya Ispat Nigam Limited (RINL) to set up a mega steel facility in the mineral rich Keonjhar district, officials said.
Mar 18, 2015, 22:51 PM IST
RINL proposes synergy with NMDC for marketing steel products
Steelmaker Rashtriya Ispat Nigam Ltd (RINL), Visakhapatnam said it in talks with PSU major NMDC for marketing steel products through its strong marketing network.
Feb 01, 2015, 21:07 PM IST
RINL gets Sebi's nod for IPO
State-run Rashtriya Ispat Nigam Ltd (RINL) has received market regulator Sebi's approval to raise funds through an initial public offer (IPO).
Dec 29, 2014, 18:19 PM IST
RINL IPO deferred as co still assessing damages due to Hudhud
"The new timeline for the IPO of RINL would be drawn up after the company ascertains the damage," an official said.
Dec 25, 2014, 17:54 PM IST
RINL aims 10% higher production this year despite Hudhud
Hudhud-hit Rashtriya Ispat Nigam hopes its crude steel production will go up by at least 10 percent in the current fiscal to over 3.5 million tonnes compared to last year despite 10 days of zero production last month due to the devastating cyclone.
Nov 04, 2014, 18:29 PM IST
Govt to divest 10% in RINL; IPO prospectus filed with SEBI
Rashtriya Ispat Nigam Ltd (RINL) has filed a draft prospectus with market regulator SEBI for an initial public offer (IPO) through which the government will sell 10 percent of its stake in the company.
Sep 22, 2014, 18:27 PM IST
Reheating furnace at RINL commissioned
The reheating furnace of the newly built structural mill at Rastriya Ispat Nigam Ltd, an entity of Visakhapatnam Steel Plant, has been commissioned here by Steel Secretary Rakesh Singh.
Sep 17, 2014, 12:43 PM IST
SAIL-RINL-NMDC to form SPV to buy Rio Tinto Mozambique assets
Consortium members of International Coal Ventures Ltd - SAIL, RINL and NMDC - will form a special purpose vehicle to buy Rio Tinto's Mozambique coal mines as other partners NTPC and Coal India are not keen on taking part in ICVL's maiden deal announced last month.
Aug 17, 2014, 21:26 PM IST
