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.

Govt deallocates Urtan coal mine alloted to JSPL, Monnet Ispat

Last Updated: Wednesday, December 18, 2013, 17:20

While Monnet said it is considering moving court against the decision, JSPL stated that all efforts were made to develop the block.

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.

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.

Inter-Ministerial panel recommends scrapping of 11 coal mines

Last Updated: Tuesday, November 12, 2013, 17:12

"The IMG has recently recommended deallocation of 11 coal blocks of companies like JSPL and Monnet Ispat & Energy Ltd," a source said.

RINL suffers steep production loss due to heavy rains

Last Updated: Sunday, October 27, 2013, 19:28

The steel maker normally produces 12,000 to 13,000 tonnes of steel every day.

RINL clocks 34% revenue growth in September

Last Updated: Wednesday, October 9, 2013, 15:23

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.

RINL to focus more on exports

Last Updated: Wednesday, October 9, 2013, 11:56

In a bid to mitigate the negative impact of the appreciating US dollar on profitability in the long run and also to expand international footprints, Rashtriya Ispat Nigam Ltd (RINL) mulls to focus more on exports, a senior official of the company said.

RINL to invest Rs 60K cr to have 20 MT capacity by 2027

Last Updated: Thursday, October 3, 2013, 17:49

State-owned steelmaker RINL is looking to invest Rs 60,000 crore on tripling capacity to 20 million tonne by 2027, a top company official said on Thursday.

Godawari Power & Ispat to set up 1 MT steel mill in Chhattisgarh

Last Updated: Wednesday, October 2, 2013, 17:59

Godawari Power and Ispat Ltd, a Chhattisgarh-based iron ore pellets and steel producer, plans to set up a 1 million tonnes steel plant in the state for about Rs 4,500 crore, a senior company official said on Wednesday.