Privatisation of PSU: Cabinet in search of sale plan of RINL

New Delhi: The Strategic sale of the Navrata metal PSU and the company entity of Visakhapatnam Steel Plant Rashtriya Ispat Nigam Limited (RINL). The Cabinet has already taken up the approval of strategic disinvestment.
Currently, the Government holding a one hundred pc stake within the Navrata metal PSU below the metal ministry. RINL, with an unique product mixture of longs, is the most important producer of “Bars and Rods” within the nation with a market share of 9.5% in 2018–19 (Source: JPC) and has recorded an annual turnover of Rs. 20,844 crore (Prov.) in 2018–19.

It is without doubt one of the main gamers within the nation for Long Products having three Captive Mines and 25 Marketing Branches Pan India. Forged Wheel Plant is one other unit of RINL being arrange at Raebareli, Uttar Pradesh