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SAIL-RINL-NMDC to form SPV to buy Rio Tinto Mozambique assets

Last Updated: Sunday, August 17, 2014, 21:26

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

Last Updated: Tuesday, August 05, 2014, 16:27

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

Last Updated: Friday, July 25, 2014, 13:42

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.

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

Last Updated: Monday, July 21, 2014, 13:54

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 despatch getting hampered due to inadequate rake supply

Last Updated: Friday, July 18, 2014, 18:56

Government-run steel-maker Rashtriya Ispat Nigam's despatch of finished products is getting hampered due to inadequate supply of rakes by the Railways.

RINL may hike steel prices

Last Updated: Tuesday, June 24, 2014, 16:10

The company may undertake a hike in the price range of Rs 500- 1,000 per tonne.

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

Last Updated: Thursday, June 12, 2014, 18:52

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

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

Last Updated: Wednesday, May 07, 2014, 16:31

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

RINL's sales in 2014-15 grow 8%

Last Updated: Thursday, April 03, 2014, 21:09

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

Last Updated: Wednesday, March 05, 2014, 14:51

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.

Govt receives 32 applications from companies for 4 coal mines

Last Updated: Friday, February 21, 2014, 15:12

The Coal Ministry has received 32 applications from companies like NMDC and RINL in response to the notice inviting applications for allocation of four coal blocks on tariff-based bidding.

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

Last Updated: Wednesday, February 12, 2014, 16:46

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.