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The Government of India has sanctioned an equity infusion of ?11,440 crore into Rashtriya Ispat Nigam Limited (RINL) to ensure the continuity of its operations and maintain its status as a going concern. RINL, which operates the Visakhapatnam Steel Plant, holds the prestigious Navratna status under the Ministry of Steel. As India’s first shore-based integrated steel plant, it plays a crucial role in the country’s industrial landscape by producing high-quality long steel products. These products cater to key sectors such as construction, infrastructure, manufacturing, and automobiles, supporting the nation’s economic growth and development.
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Note: The above-mentioned news was first published by us in our ProjectX India | 1st April 2025 edition.. Get this issue or any of our editions by clicking here…
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