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SBI sanctions Rs 2,650 cr loan to RINL

Last Updated: Tuesday, February 26, 2013, 20:02

State Bank of India (SBI) has sanctioned Rs 2,650 crore loan to state-run steel maker Rashtriya Ispat Nigam (RINL) for meeting capital expenditure needs.

SBI sanctions Rs 2,500 cr to fund RINL expansion

Last Updated: Monday, February 25, 2013, 21:40

SBI Chairman Pratip Chaudhuri said bank authorities will on Tuesday meet the management of RINL, the corporate entity of Visakhapatnam Steel Plant, to complete formalities to hand over the loan amount.