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RINL News

14 Apr 2022

Centre could privatise 5 companies by 2022; Check firms' names

The Central government had a disinvestment target of Rs 1.75 lakh crore for FY22. The government is likely to disinvest BPCL, RINL and Pawan Hans. The Centre has also received three bids for Pawan Hans.

09 Aug 2015

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.

01 Jul 2015

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.

23 Jun 2015

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.

14 Jun 2015

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.

13 Jun 2015

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.

06 Jun 2015

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.

06 May 2015

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).

02 May 2015

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.

Rashtriya Ispat Nigam Ltd

02 May 2015

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.

Rashtriya Ispat Nigam Ltd

02 Apr 2015

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.

18 Mar 2015

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.

01 Feb 2015

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.

Rashtriya Ispat Nigam Ltd

29 Dec 2014

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).

25 Dec 2014

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.

04 Nov 2014

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.

Rashtriya Ispat Nigam Ltd

22 Sep 2014

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.

Rastriya Ispat Nigam Ltd

17 Sep 2014

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.

17 Aug 2014

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.

05 Aug 2014

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.

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