Rashtriya Ispat Nigam

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

Govt plans to sell 10% stake in Rashtriya Ispat Nigam

The government is also planning to sell a 5 percent stake in state-run Steel Authority of India Ltd this fiscal year to shore up its finances.

Jul 25, 2014, 13:42 PM IST

Govt may sell 10% stake in Rashtriya Ispat in Sept-October IPO

RINL, which produces 2.9 million tonnes of steel annually, is on the verge of completing a Rs 12,300 crore expansion programme.

Jun 12, 2014, 18:52 PM IST

RINL starts talks with banks to raise up to Rs 600 cr debt

RINL is increasing its steel-making capacity at its lone Vizag facility with an investment of Rs 12,500 crore.

May 07, 2014, 16:31 PM IST

NMDC offers RINL's ex-CMD Choudhary full-time advisor's post

The recently-retired Chairman of Rashtriya Ispat Nigam (RINL) A P Choudhary has been offered a full-time advisor's position by state-run iron ore miner NMDC with an annual package of Rs 50 lakh and perquisites.

Feb 12, 2014, 16:46 PM IST

P Madhusudan to take over as RINL CMD from Jan 1

After securing clearance from anti-corruption body CVC, Rashtriya Ispat Nigam's current Finance Director P Madhusudan is set to become the state-run steel maker's Chairman and Managing Director from January 1, 2014.

Dec 04, 2013, 14:11 PM IST

RINL clocks 34% revenue growth in September

Buoyed by a whopping 63 percent volume growth, Rashtriya Ispat Nigam's sales revenue rose by 34 percent to Rs 1,222 crore in September.

Oct 09, 2013, 15:23 PM IST

RINL aims to double exports to Rs 1,200 crore in near term

As per the company, it plans to set up steel processing units in Sri Lanka and other neighbouring countries to roll its billets in these regions.

Sep 17, 2013, 22:17 PM IST

NMDC for a third party in pipeline, pellet plant JV with RINL

The two state-run firms, under the administrative control of the Steel Ministry, had in May last year signed an MoU for the venture to make it a win-win for both.

Sep 15, 2013, 17:44 PM IST

RINL may have to spend Rs 1,000-cr to tide over water crisis

The situation would turn out to be difficult with the capacity of the plant getting expanded to 6.3 million tonnes per annum (mtpa) in less than a year's time from 2.3 mtpa at present.

Sep 09, 2013, 13:56 PM IST

RINL plans to raise exports to 25% of total sales in future

"We plan to increase our exports in overall sales pie for which we have created a separate division 'International Marketing Division," a top RINL official said here.

Sep 05, 2013, 18:50 PM IST

RINL saleable steel production up 9% in April-August

Production of saleable steel stood at 1.11 million tonne during the same period last year.

Sep 03, 2013, 22:08 PM IST

RINL to raise Rs 600 crore debt in current fiscal

State-owned Rashtriya Ispat Nigam (RINL) will raise up to Rs 600 crore debt to fund Rs 1,600 crore capex programme for the current fiscal.

Jun 06, 2013, 14:46 PM IST

Steel Min asks SAIL, RINL to improve profitability

"In view of reduction in profit, all PSUs/units have been advised to focus on operating as well as non-operating areas to improve the profitability of the companies," official sources said.

Apr 24, 2013, 19:56 PM IST

Andhra allocates three iron ore mines to Rashtriya Ispat Nigam

Rashtriya Ispat Nigam's (RINL) has been allotted three iron ore mines by the Andhra Pradesh government, putting to an end its long wait for captive mines.

Apr 18, 2013, 19:33 PM IST

RINL to raise around Rs 500 crore debt to fund expansion

Public sector steel-maker Rashtriya Ispat Nigam Ltd (RINL) is planning to raise around Rs 500 crore of debt in the near future to fund its expansion plans.

Apr 12, 2013, 18:06 PM IST

Parl Panel reiterates proposal for SAIL-RINL merger

SAIL is the largest steel maker in the country with the current production capacity at 14.6 million tonnes per annum. It has embarked on a capacity expansion to take it to 26.2 mtpa.

Mar 25, 2013, 15:42 PM IST

RINL's 6.3 mtpa expansion sees Rs 3,599 crore cost overrun

Rashtriya Ispat Nigam's Rs 8,692 crore plan to expand annual production capacity to 6.3 million tonnes has seen cost overrun of 41.4 percent, or Rs 3,599 crore, as on March 31, 2012, due to delays.

Mar 10, 2013, 20:09 PM IST

SBI sanctions Rs 2,650 cr loan to RINL

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.

Feb 26, 2013, 20:02 PM IST

Subdued steel price affecting margins: RINL

Rashtriya Ispat Nigam (RINL) Monday said despite rise in sales, subdued prices of the metal have continued to exert pressure on margins.

Feb 11, 2013, 14:47 PM IST