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RINL seeks to sell 13 89 acres land in Visakhapatnam

Rashtriya Ispat Nigam Limited (RINL) has issued a request for proposals (RFP) for the sale of non-core surplus freehold land parcels at its Visakhapatnam project, as part of its efforts to reduce debt. According to the RFP document, RINL intends to sell 13.89 acres of non-contiguous land plots, which are grouped into 19 blocks consisting of 111 plots in total.

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RINL plans to trim its debt by selling UP wheel plant to Railways

The loan on RINL is estimated to be ₹22,000 crore and annual debt servicing obligation is around ₹3,000 crore. Visakhapatnam-based RINL is focused on securing a captive mine to meet iron ore requirements for its steel plant. It has already written to Odisha, Chhattisgarh and Andhra Pradesh for recommending reservation of iron ore deposits.

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RINL To Ramp Up Production, Aims To Make 55,000 Wheels In FY24 To Meet Indian Railways Demand

RINL To Ramp Up Production, Aims To Make 55,000 Wheels In FY24 To Meet Indian Railways Demand
swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.

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Ramakrishna Forging-Titagarh Wagons Emerge As Lowest Bidder For Manufacturing Of 80,000 Forged Wheels Per Year For 20 Years

Ramakrishna Forging-Titagarh Wagons Emerge As Lowest Bidder For Manufacturing Of 80,000 Forged Wheels Per Year For 20 Years
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Railways To Procure 15 4 Lakh Made In India Train Wheels

Railways To Procure 15 4 Lakh Made In India Train Wheels
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