Jack up capacity by 80%, steel ministry tells public sector units : Rashtra News #Jack #capacity #steel #ministry #tells #public #sector #units The steel ministry has asked state-run companies to raise capacity by 80% to 45 million tonne per annum by 2030-31 from around 25 mtpa at present. SAIL and RINL are the two steel-making
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.
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.
"The RINL has shown the world how to produce the best quality steel in spite of raw material crunch. This day is a historic day in the history of RINL as we have lit up the BF-3," said its chairman and managing director, Atul Bhatt, in a press release.
Jindal Steel Power Ltd (JSPL) has entered into a memorandum of understanding (MoU) with Rashtriya Ispat Nigam Ltd (RINL) for the operationalisation of RINL s blast furnace-3 (BF-3). This partnership will supply liquid steel to JSPL s upcoming hot strip mill in Angul, Odisha.