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Rashtriya Ispat Nigam Ltd (RINL), which currently has a capacity of 3 million tonnes of liquid steel, plans to increase the output to 20 million tonnes a year by the end of the current decade. Talking to the media, Mr Pradeep Kumar Bishnoi, CMD, RINL, said that the company was also eyeing a joint venture with Karnataka so that the existing facilities of the Kudremukh Iron Ore Company Ltd, including the Mangalore pellet plant, could be used by RINL. He said that RINL would invest Rs 15,000 crore in this venture.
The company also wants to increase the demand for its products by pushing into rural India with a rural dealership scheme. Mr Bishnoi said, “Rural India consumes only 15 kg per capita as opposed to China, where the consumption of steel is 500 kg per capita”. In order to make the dealership process simple, all that an applicant has to submit is an affidavit stating that he is financially capable of becoming a dealer. “He will, however, need the working capital,” said Mr Bishnoi.
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