Employee unions, political parties protest RINL privatisation
Hundreds of employees of Visakhapatnam Steel Plant took out a protest rally demanding the Centre withdraw its proposal and save the steel plant
PTI | February 5, 2021 | Updated 17:47 IST
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Hundreds of employees of Visakhapatnam Steel Plant on Friday took out a protest rally against the proposed divestment of Rashtriya Ispat Nigam Limited (RINL), the corporate entity of the steel- maker.
The parties, including the ruling YSR Congress, supported the agitation.
The protestors demanded that the Centre withdraw its proposal and save the steel plant as it is one of the biggest and profitable public sector undertakings in the state.
Updated Jan 27, 2021 | 17:59 IST
In Budget 2021, Finance Minister is expected to announce a massive divestment target, with the same five companies (four privatisation and one mega-IPO) expected to form a bulk of the plans. Privatisation policy cleared by the cabinet, details to be announced in Budget
New Delhi: The Union Cabinet on Wednesday cleared the Privatisation policy. Soures told ET Now that while the policy has been cleared by the Cabinet, the details will be announced in Budget 2021 which is all set to be presented in Parliament on February 1.
Earlier today sources told the channel that the Union Cabinet is likely to consider PSU Privatisation Policy today. The sources also stated that cabinet is likely to consider the Rashtriya Ispat Nigam Limited (RINL) strategic sale today.
Vizag Steel commissions Rs 2500 crore coke oven battery
By Santosh Patnaik| Published: 23rd December 2020 6:01 pm IST
Visakhapatnam: Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant, has achieved a milestone by commissioning the fifth coke oven battery.
A coke oven battery consists of multiple ovens wherein coal is crushed and blended before being charged in an oven.
India’s shore-based integrated steel plant popular under the brand name of Vizag Steel, formally commissioned the coke oven battery No.5 (COB5) with the first coke pushing done by P K Rath, Chairman-cum-Managing Director of RINL, in the presence of Atul Bhatt, CMD, MECON.