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RINL IPO may not happen this fiscal because of weak markets

Last Updated: Sunday, August 18, 2013, 17:00

Rashtriya Ispat Nigam Ltd, the corporate entity of Vizag Steel, may not go for the proposed IPO this fiscal because of the worsened market conditions, sources said.

Rashtriya Ispat decides to prune stake in Afghanistan project

Last Updated: Monday, July 22, 2013, 16:00

RINL, which has 18 percent stake in SAIL-led consortium, Afghan Iron and Steel Consortium (AIFSCO), has decided to trim its stake to "as low as it can" in the project.

RINL-MOIL explore setting up ferro alloy unit at Vizag

Last Updated: Sunday, July 7, 2013, 17:54

RINL has its lone steel-making facility in Vizag.

RINL Q1 steel output up 14%, inks MoU for mineral exploration

Last Updated: Wednesday, July 3, 2013, 22:57

Rashtriya Ispat Nigam Ltd (RINL) Wednesday said it recorded 14 percent growth in finished steel production in the quarter ended June 30 over the same period last year.

Heads of two SAIL steel plants in fray for RINL top job

Last Updated: Tuesday, June 11, 2013, 19:44

RINL, which is expanding its steel-making capacity to 6.3 million tonnes per annum from 3 mtpa now, has aims to have a 20 mtpa production capacity in the next two years.

SAIL or RINL for 50% of NMDC's Chattisgarh steel plant?

Last Updated: Sunday, June 9, 2013, 14:09

Steel Authority of India (SAIL) and Rastriya Inspat Nigam Ltd are the only two bidders for iron-ore minor NMDC's 50 percent stake in the upcoming three million tonne per annum steel plant in Chhattisgarh.

Steel Ministry pitches for two coal blocks for RINL

Last Updated: Sunday, June 9, 2013, 13:47

The Steel Ministry has pitched for two Jharkhand-based coal blocks - Aluara and Parbatpur North - for allocation to Rashtriya Ispat Nigam (RINL) from among the 17 to be given to PSUs on the dispensation route.

RINL to raise Rs 600 crore debt in current fiscal

Last Updated: Thursday, June 6, 2013, 14:46

State-owned Rashtriya Ispat Nigam (RINL) will raise up to Rs 600 crore debt to fund Rs 1,600 crore capex programme for the current fiscal.

Govt allows SAIL, RINL to charter ships directly for imports

Last Updated: Thursday, May 16, 2013, 21:22

On the lines of dispensation given to oil firms, PSU steel makers SAIL and RINL have the freedom now to charter ships directly for importing coking coal without going through state-owned Transchart.

SAIL, RINL likely to be allowed to charter ships for imports

Last Updated: Tuesday, May 14, 2013, 19:24

Currently, imports by the steel PSUs are done through ships chartered by Transchart, a state-owned enterprise operated by Shipping Corp of India (SCI).

RINL plans to set up 3 mtpa steel plant in Jharkhand

Last Updated: Sunday, May 12, 2013, 11:20

Rashtriya Ispat Nigam Ltd (RINL) plans to set up a three million tonnes per annum (mtpa) steel plant in Jharkhand involving an estimated Rs 16,500 crore investment.

SAIL, RINL raw material needs to rise up to 39% by 2015-16

Last Updated: Monday, May 6, 2013, 16:05

Raw material needs of public sector steel majors SAIL and RINL are going to increase by up to 39 percent in three years as they are on the verge of completing capacity expansion programmes.