Profit making PSUs may be asked to submit IPO plans to govt

Last Updated: Sunday, August 9, 2015, 11:58

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.

RINL eyes capacity expansion of 16 million tonnes by 2025

Last Updated: Wednesday, July 1, 2015, 10:57

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.

Tomar directs RINL to check cost over runs, delay in expansion

Last Updated: Tuesday, June 23, 2015, 18:23

"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.

RINL's IPO not linked to raising resources

Last Updated: Sunday, June 14, 2015, 22:59

The Rashtriya Ispat Nigam Ltd (RINL) proposal for an IPO is not linked to raising resources for its corporate requirements, its CMD said Sunday.

RINL sets sights on 4.1 million tonnes steel output this fiscal

Last Updated: Saturday, June 13, 2015, 21:58

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.

RINL saleable steel production up 24% in April-May 2015

Last Updated: Saturday, June 6, 2015, 16:00

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.

Parl Panel asks govt to allot captive iron ore blocks to RINL

Last Updated: Wednesday, May 6, 2015, 21:14

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).

RINL, APMDC inks deal on magnetite iron ore extraction

Last Updated: Saturday, May 2, 2015, 17:07

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.

RINL, APMDC inks deal on magnetite iron ore extraction

Last Updated: Saturday, May 2, 2015, 16:01

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.

RINL sets Rs 18,000 crore turnover target for FY'16

Last Updated: Thursday, April 2, 2015, 19:31

Rashtriya Ispat Nigam Ltd (RINL) aims to achieve a turnover of Rs 18,000 crore in the current financial year.

Odisha proposes to sign MoU with RINL for steel plant

Last Updated: Wednesday, March 18, 2015, 22:51

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.

RINL proposes synergy with NMDC for marketing steel products

Last Updated: Sunday, February 1, 2015, 21:07

Steelmaker Rashtriya Ispat Nigam Ltd (RINL), Visakhapatnam said it in talks with PSU major NMDC for marketing steel products through its strong marketing network.