Rashtriya Ispat Nigam Ltd

The Cabinet Committee on Economic Affairs, chaired by PM Modi, approved the revival plan for RINL for Rs 11,440 crore

RINL floats global tender for coking coal, PCI supply

”Global tender notice for supply of imported coking and PCI coal. Sealed tenders are invited for supply of 3.75 lakh MT coking coal and 75,000 MT PCI with the shipping tolerance of 10 per cent as per the specifications indicated in the tender document,” an RINL notification said.

RINL expects to be in the black in 2018-19

In the last fiscal, RINL, the second largest steel-making company in the public sector, posted an EBITDA of Rs 200 crore. "In March 2018, RINL had posted a net profit. We expect to be back in the black by posting a net profit in the current fiscal," CMD of RINL, P Madhusudan said.

RINL sees substantial growth in production this fiscal

"P Madhusudan, CMD, RINL commended the VSP collective for the achievements and expressed confidence that in the current financial year there will be substantial growth in production including from expansion units," steel ministry said in a statement.

L&T Construction bags orders worth Rs 1,167 crore

"The construction arm of L&T has won orders worth Rs 1,167 crore across various business segments," the company said in a filing to the BSE.

RINL saleable steel production up 24% in April-May 2015

RINL registered a growth of 15 percent in its turnover till May, 2015.

Par Panel to govt: Allot captive iron ore blocks to RINL

Plan of Rashtriya Ispat Nigam Ltd (RINL) for expansion of its steel capacity by up to 20 MT has been hit due to lack of raw material security.

India Ratings maintain steel producers on negative outlook

The rating agency expects steel consuming sectors -- construction, automobile and mechanical engineering -- to grow in 2015-16 with the softening of interest rates and implementation of govt reforms.

Indian firms line up IPOs worth Rs 8,000 cr

Indian companies have lined up initial public offers (IPOs) worth at least Rs 8,000 crore in 2015 to fund business expansion and meet working capital requirements on expectations that the bullish trend in the stock markets would continue.

Cyclone-hit Rashtriya Ispat Nigam resumes production

"After the devastating cyclone on October 12, 2014, RINL swung into action for speedy revival. Production in all the units including Rolling Mills has been revived," the steel maker said in a statement.

India emerges as net exporter of steel in Apr-Dec period

In December, exports rose by 13.7 percent to 0.54 MT while imports nosedived by 46 percent to 0.37 MT. India has been a net importer of steel since 2007-08. In the last fiscal also, it imported 7.9 MT against its exports of 5.2 MT. Before 2007-08, however, India used to export more than imports.

RINL records 16% growth in sales volume in H1

The exports in first half of the year were highest since inception at Rs 348 crore, registering a 63 percent growth over last year. The steel maker took advantage of rupee depreciation by maximising exports and similar efforts are on to maximise exports during H2 also.

RINL aims to double exports to Rs 1,200 crore in near-term

RINL Director (Commercial) T K Chand, said with ramping up of production, RINL aims to increase export composition to go up to 15-20 percent of its product volume in next 3-4 years from 8 per cent in the last fiscal.

RINL achieves highest turnover of Rs 1,465 cr in Feb

Rashtriya Ispat Nigam Ltd (RINL), the corporate entity of shore-based Visakhapatnam Steel Plant (VSP), has registered an all-round improvement in its performance in February 2013.

RINL mulls cement plant to dispose byproducts

Rashtriya Ispat Nigam Ltd, the corporate entity of Vizag Steel, is mulling setting up of a cement plant as part of its plans to dispose byproducts such as slag and fly ash, a senior company official said.

Govt to divest minority stake in 10 PSUs: FinMin

The government said it has decided to divest stake in 10 companies, including Oil India, SAIL and Hindustan Aeronautics.

Confident of meeting FY'13 disinvestment target: DEA Secy

Although it has not been able to sell stake in any PSU so far this fiscal, the government will be able to meet the Rs 30,000 crore disinvestment target set for 2012-13, an official said today.

CCEA approves disinvestment in 5 PSUs, to raise Rs 15,000cr

The government today approved sale of its minority stakes in five public sector firms -- Hindustan Copper, Oil India, RITES, MMTC and Nalco -- to raise up to Rs 15,000 crore.

Govt defers RINL's Rs 2,500-crore IPO

Rashtriya Ispat Nigam Ltd's Rs 2,500-crore initial public offering (IPO) has been been put on hold by the government in view of the weak market conditions.

SAIL-RINL JV close to buy 10% stake in Oman limestone mine

The SAIL- RINL (Rashtriya Ispat Nigam Ltd) JV is close to buying 10% stake in Oman limestone mining company for around Rs 200 crore, reports PTI.

NTPC likely to exit coal joint venture ICVL: Sources

The power ministry will take a call on the matter in a week's time and Cabinet approval for NTPC's exit will be sought.

ICVL seen scouring Australia for mines

State consortium International Coal Ventures Ltd (ICVL) is scouring remote outback regions in the hope of acquiring Australian coking coal mine assets, the former chairman of Coal India, which is part of the consortium, said on Tuesday.

Rashtriya Ispat to raise $5 bn debt

State-owned unlisted steelmaker Rashtriya Ispat Nigam Ltd (RINL) is gearing up to raise Rs 22,500 crore (USD 5 billion) through debt to part-finance its 11.5 million tonne expansion plans by March 2016, the Business Standard newspaper reported on Sunday.

To include ONGC, SAIL FPO proceeds in FY12: Divestment Secy

The Finance Minister, in his budget speech on Monday set the divestment target for financial year 2012 at Rs 40,000 crore. This, divestment secretary Sumit Bose says is realistic. "The proceeds of two of the largest follow-on public offer—SAIL and ONGC—will be accounted for in the next fiscal," he said.