Exclusive | Govt may finalise RINL steel plant revival plan within a month: Steel Secretary
The Indian government is set to finalise a revival plan for the debt-laden Rashtriya Ispat Nigam Ltd (RINL) Steel Plant within a month, Steel Secretary Sandeep Poundrik told CNBC-TV18. With liabilities of ₹35,000 crore, RINL will fund part of the amount independently. The Steel Ministry has also proposed merging NMDC with KIOCL and flagged concerns over Karnataka’s mining levies to the Mines Ministry, urging action to address their adverse impact on the sector.
The Indian government is set to finalise a revival plan for the debt-laden Rashtriya Ispat Nigam Ltd (RINL) Steel Plant within a month, Steel Secretary Sandeep Poundrik told CNBC-TV18. With liabilities of ₹35,000 crore, RINL will fund part of the amount independently. The Steel Ministry has also proposed merging NMDC with KIOCL and flagged concerns over Karnataka’s mining levies to the Mines Ministry, urging action to address their adverse impact on the sector.
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