29-April-2026
Corporate News
 
Centre plans Rs 8,097 crore equity infusion in RINL
29-Apr-2026

The Centre is planning to infuse Rs 8,097 crore as equity capital into the ailing Rashtriya Ispat Nigam Limited (RINL) to keep it operational, marking its second rescue package in as many years, sources said. The privatisation plan for RINL — also known as Vizag Steel — has remained stalled for years due to a lack of cooperation from the Andhra Pradesh government. The Centre is now making a renewed push to revive the company.

News Source:- https://www.financialexpress.com/business/news-centre-plans-rs-8097-crore-equity-infusion-in-rinl-4221039/
 
 
 

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