RINL gets Sebi's nod for IPO

Last Updated: Monday, December 29, 2014, 18:19

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

Last Updated: Thursday, December 25, 2014, 17:54

"The new timeline for the IPO of RINL would be drawn up after the company ascertains the damage," an official said.

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

Last Updated: Sunday, January 5, 2014, 17:44

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 Apr-Dec turnover up 3% to Rs 9,123 crore

Last Updated: Saturday, January 4, 2014, 18:39

During December, the company's turnover rose to Rs 1,315 crore, clocking a growth of 18 percent.

SAIL, RINL, NMDC to achieve Rs 15,820-cr capex target in FY'14

Last Updated: Sunday, December 29, 2013, 13:00

Expressing hope of achieving their targets at a meeting with Finance Minister P Chidambaram recently, Steel Authority of India has said its Rs 11,500 crore capex target for the current fiscal was on track.

SAIL, RINL, MOIL to set up joint venture for ferro alloy plant

Last Updated: Tuesday, December 24, 2013, 15:40

A three-way joint venture between SAIL, RINL and MOIL to produce ferro alloys is on the cards with the earlier two separately proposed between SAIL-MOIL and MOIL-RINL having virtually been scrapped.

P Madhusudan to take over as RINL CMD from Jan 1

Last Updated: Wednesday, December 4, 2013, 14:11

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.

SAIL, NMDC and RINL line up Rs 15,000-cr capex next fiscal

Last Updated: Sunday, December 1, 2013, 15:09

Metal and mining PSUs SAIL, NMDC and RINL plan to invest nearly Rs 15,000 crore next fiscal towards modernisation and expansion, around Rs 2,000 crore less than the projected outlay for the current fiscal.

RINL IPO will depend on market conditions: Steel Secretary

Last Updated: Monday, November 25, 2013, 17:26

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.

Power Grid plans to set up arm for energy efficiency solutions

Last Updated: Sunday, November 24, 2013, 13:34

Pursuing diversification agenda, electricity transmission utility Power Grid plans to set up an unit for providing energy efficiency solutions.

SAIL may team up with RINL, MOIL to set up ferro alloy plant

Last Updated: Thursday, November 14, 2013, 21:18

Steel major SAIL may join as the third partner in RINL-MOIL joint venture for manufacturing ferro alloy as its plan for a separate unit with the manganese ore producer may not see the light of day.