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Jack up capacity by 80%, steel ministry tells public sector units

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

India , Ram-chandra-prasad-singh , National-steel-policy , Capacity , Jack , Ministry , Psus , Public , Rinl , Sail , Sector , Steel

RINL seeks to sell 13.89 acres land in Visakhapatnam

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.

Raebareli , Uttar-pradesh , India , Maddilapalem , Andhra-pradesh , Odisha , Orissa , Chhattisgarh , Visakhapatnam , Rashtriya-ispat-nigam-limited , Indian-railways

RINL plans to trim its debt by selling UP wheel plant to Railways

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.

Business-news , Breaking-news-events , Latest-news-updates , Economic-times , Economic-times-news-app , Daily-market-updates , Live-business , Rinl , Selling , Up-wheel-plant , Railways

RINL restarts Blast Furnace-3 to raise hot metal production

"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.

Business-news , Breaking-news-events , Latest-news-updates , Economic-times , Economic-times-news-app , Daily-market-updates , Live-business , Blast-furnace-3 , Rinl , Hot-metal-production , Rashtriya-ispat-nigam-ltd

Jindal Steel Power: JSPL ties up with RINL to secure supply of liquid steel to upcoming Angul plant

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.

India , Visakhapatnam , Andhra-pradesh , Odisha , Orissa , Angul , Bimlendra-jha , Rashtriya-ispat-nigam-ltd , Jindal-steel-power-ltd-on , Ministry-of-steel , Jindal-steel-power-ltd , Ispat-nigam-ltd

Vizag Steel Plant forges deal with JSPL for Rs 900 crore working capital

The timely deal enables the steel plant to procure raw material and start consistent Blast Furnace-3 (BF-3) operations with the planned blowing-in scheduled on December 30 at a capacity of two lakh tonnes of hot metal per month, an official said here on December 21.

Vizag , Andhra-pradesh , India , Power-ltd , Rashtriya-ispat-nigam-ltd , Vizag-steel-plant , Jindal-steel , Steel-melting , Atul-bhatt , New-delhi-headquartered , Rinl

EoI for RINL strategic sale to be invited after discussing broad contours with stakeholders: Govt

"EoI for strategic disinvestment requires broad contours of the transaction, including core and non-core land and assets, which would form part of transaction. These issues are to be settled after discussion with various stakeholders before the EoI for this transaction can be issued. The EoI (for RINL) has not been issued," Minister of State for Finance Bhagwat Karad said.

India , Bhagwat-karad , Ai-asset-holding-ltd , Cabinet-committee-on-economic-affairs , Container-corporation-of-india-limited , Air-india , Rashtriya-ispat-nigam-ltd , Finance-bhagwat-karad , Cabinet-committee , Economic-affairs , Container-corporation , India-limited

Amid financial crunch, Vizag steel plant to lease out 1,400 acres of land to NMDC to gather funds

The NMDC has put forth the proposal to take 1,400 acres of land, located between the steel plant and Gangavaram port, on lease to set up its pellets plant and stock yard | Latest News India

Kirandul , Chhattisgarh , India , Hyderabad , Andhra-pradesh , Telangana , Visakhapatnam , Nagendra-nath-sinha , Tuhin-kanta-pandey , Wikimedia-commons , Jyesta-ayodhya-ramu , Cabinet-committee-on-economic-affairs

Vizag Steel Plant logs highest ever monthly sales of value-added steel in August

"The sales volume of 1,57,000 tonne of value-added steel achieved in August 2023 by RINL is the best ever monthly sales of value-added steel sales for any month since inception," said the official in a press release.

Visakhapatnam , Andhra-pradesh , India , Vizag , Rashtriya-ispat-nigam-ltd , Vizag-steel-plant , Steel , Rinl , Wire-rod-coils ,

Mukesh Ambani's Reliance issues guarantee for RJIL, RINL. Ensures compliance and no adverse impact

Reliance issues guarantee for LTE equipment to Samsung India and for crude oil to Saudi Aramco. No adverse impact on company.

Saudi-arabia , Hindustan , India-general- , India , Saudi , Saudi-arabian , Bharti-airtel , Infosys , Parent-company-guarantee , Saudi-arabian-oil-company-aramco , Reliance-industries , Saudi-aramco