Comments
There is no freeze on the disinvestment process of Rashtriya Ispat Nigam Ltd (RINL), the Steel Ministry clarified on Friday. The Ministry, in a statement, said, the disinvestment process is in progress and efforts are on to keep the company “as a going concern”.
“There is no freeze on the disinvestment process of RINL,” the statement said adding that efforts are being made by the company to improve the performance.
Also read: Vizag Steel Plant divestment: Telangana govt mulls joining race
“...and efforts are being made by the company and supported by the Government to improve the performance of RINL and keep it as a going concern,” it said.
The country’s second-largest steel-making CPSE, RINL has an annual production capacity of about 7 million tonnes (mt). It is located at Visakhapatnam in Andhra Pradesh. The Vizag steel plant is the country’s first shore-based steel plant.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.