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.

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).

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.

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.

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.

RINL proposes synergy with NMDC for marketing steel products

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.

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).

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.

SAIL, RINL spend Rs 7,000 cr for plants' maintenance in 3 years

State-owned SAIL and RINL together incurred average expenditure of more than Rs 7,000 crore towards maintenance of different plants in the last three financial years, the government said today.

RINL's sales in 2014-15 grow 8%

State-owned Rashtriya Ispat Nigam Ltd on Thursday said sales in 2013-14 grew by eight percent over the previous fiscal though turnover remained flat.

RINL turnover grows 2% to Rs 11,766 cr till Feb 28 this fiscal

Rashtriya Ispat Nigam Ltd (RINL), the corporate entity of Vizag Steel, on Wednesday said its turnover up to February 28 in the current fiscal recorded 2 percent growth to Rs 11,766 crore.

RINL hopes to sell 1 mn tonne more steel on retail focus

The public sector steel-maker, which is expanding capacity to 7.3 MT, is also increasing focus more on retail sales for better margin.

RINL IPO will depend on market conditions: Steel Secretary

The public issue of state-owned steel maker RINL will depend on stock market conditions and is likely to take some more time, Steel Secretary G Mohan Kumar said here Monday.

RINL to focus more on exports

In a bid to mitigate the negative impact of the appreciating US dollar on profitability in the long run and also to expand international footprints, Rashtriya Ispat Nigam Ltd (RINL) mulls to focus more on exports, a senior official of the company said.

RINL to invest Rs 60K cr to have 20 MT capacity by 2027

State-owned steelmaker RINL is looking to invest Rs 60,000 crore on tripling capacity to 20 million tonne by 2027, a top company official said on Thursday.

RINL records 16% growth in sales volume in H1

The company registered a growth of 12 percent in finished steel production in H1 compared to the corresponding period last year and the production of value added steel increased by 11 percent.

RINL IPO may not happen this fiscal because of weak markets

Rashtriya Ispat Nigam Ltd, the corporate entity of Vizag Steel, may not go for the proposed IPO this fiscal because of the worsened market conditions, sources said.

RINL Q1 steel output up 14%, inks MoU for mineral exploration

Rashtriya Ispat Nigam Ltd (RINL) Wednesday said it recorded 14 percent growth in finished steel production in the quarter ended June 30 over the same period last year.

RINL plans to set up 3 mtpa steel plant in Jharkhand

Rashtriya Ispat Nigam Ltd (RINL) plans to set up a three million tonnes per annum (mtpa) steel plant in Jharkhand involving an estimated Rs 16,500 crore investment.

RINL committed to start operations in Bayyaram mines

State-owned Rashtriya Ispat Nigam Ltd (RINL) Thursday said it is committed to begin exploration of Bayyaram mines area to find out the exact quantum of iron ore reserves there and set up value addition facilities.