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PSU steel manufacturer RINL gets ₹11,440-crore lifeline from govt
The New Indian Express Kochi
|January 18, 2025
Revival package
THE debt-laden Visakhapatnam-based public sector company -- Rashtriya Ispat Nigam Limited (RINL) -- has got a new lease of life after the Central government on Friday approved a revival package of ₹11,440 crore for the company.
Of the ₹11,440 crore, ₹10,300 crore will be in the form of fresh equity infusion and ₹1,140 crore will be for converting the working capital loan into preferred share capital.
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