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Government Approves Rs 11,440 Crore Revival Package for RINL to Boost Operations.

National | Dated: 25 Mar 2025

In March 2025, the Government of India (GOI) approved a financial infusion of Rs 11,440 crore in Rashtriya Ispat Nigam Limited (RINL), based in Visakhapatnam, Andhra Pradesh (AP), to sustain its operations and ensure the continuity of its activities. This decision is in line with the objectives of the National Steel Policy, 2017, which aims to enhance the efficiency and competitiveness of the steel sector.

🎯 Key Highlights:

  • - The approved revival package is expected to help RINL streamline its production processes, optimize resource utilization, and improve its market position.
  • - Key details of the Rs 11,440 crore revival package for Rashtriya Ispat Nigam Limited (RINL) include the infusion of Rs 10,300 crore as fresh equity.
  • - Additionally, Rs 1,140 crore of working capital loans will be converted into preferred share capital. This financial support is aimed at streamlining production processes, optimizing resource utilization, and enhancing the overall market position of RINL.

💡 Other Important Facts:

  • (i) Rashtriya Ispat Nigam Limited (RINL) is a Navratna company under the Ministry of Steel (MOS) and operates the Visakhapatnam Steel Plant (VSP), India's first shore-based integrated steel plant.
  • (ii) The plant specializes in producing long steel products, serving key sectors such as construction, infrastructure, manufacturing, and automobiles.

📚 Test Your Knowledge:

What is the amount approved by the Government of India as a revival package for Rashtriya Ispat Nigam Limited (RINL) in March 2025?

Correct Answer: 11,440 crore

🚀 Quick Recap:

About Rashtriya Ispat Nigam Limited (RINL)

  • CMD : Ajit Kumar Saxena
  • Headquarters: Visakhapatnam