Rashtriya Ispat Nigam revival: CCEA approves Rs 11,440 crore
The Cabinet Committee on Economic Affairs (CCEA) has approved the revival of Rashtriya Ispat Nigam Limited (RINL) with Rs 11,440 crore, including Rs 10,300 crore in fresh equity. RINL aims to achieve peak steel production capacity and liquidate outstanding dues of Rs 35,000 crore.
The Union Steel Minister H D Kumaraswamy also informed the plans to merge KIOCL with NMDC are underway.
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