Centre plans ₹8,097 crore equity infusion for RINL
The Central Government plans a fresh ₹8,097 crore equity infusion for Rashtriya Ispat Nigam Limited, raising total commitments to over ₹21,000 crore. Despite operational improvements, experts remain concerned about the core viability of the PSU.
after close1 source ↓written by the desknot a recommendation
- amid ongoing financial
- ₹21,000 crore
The Central Government is set to provide a fresh ₹8,097 crore equity infusion for Rashtriya Ispat Nigam Limited (RINL) to sustain operations at the Visakhapatnam Steel Plant. This latest support increases total government commitments to over ₹21,000 crore amid ongoing financial challenges.
Despite improvements in production and a positive EBITDA, experts question the core viability of RINL, emphasizing the need for sustainable solutions to its financial woes.
Not investment advice. For informational purposes only.