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Govt infuses ₹1,640 crore in RINL
Millennium Post Delhi
|New Delhi 04November2024
'Govt has infused Rs 500 cr towards equity on Sept 19, 2024 and a working capital loan of Rs 1,140 cr on Sept 27, 2024'
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NEW DELHI: The government has infused Rs 1,640 crore in state-owned RINL, gripped with operational and financial issues, according to an official document.
The government is also taking various measures to keep RINL as a going concern, the Ministry of Steel said in a note.
"In this regard, the Government of India has infused Rs 500 crore towards equity on September 19, 2024, and a working capital loan of Rs 1,140 crore on September 27, 2024," according to the document.
It also said that SBICAPS, a wholly-owned subsidiary of the SBI, is preparing a report on the sustainability of RINL.
This story is from the New Delhi 04November2024 edition of Millennium Post Delhi.
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