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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.

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.

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.

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.

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.

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.

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.

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.

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).

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.

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.

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.

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.

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.

Govt to sell part stake in SAIL, RINL, HAL in FY15

He further said that 5 percent stake sale in SAIL is also scheduled for completion this fiscal.

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.