January 17, 2025 8:17 PM

India approves ₹11,440 crore revival package for Rashtriya Ispat Nigam Limited

The Union Cabinet has approved a ₹11,440 crore revival plan for Rashtriya Ispat Nigam Limited (RINL), the state-owned company operating the Visakhapatnam Steel Plant. The announcement came after a Cabinet meeting chaired by Prime Minister Narendra Modi. In a post on X, PM Modi said, "The Visakhapatnam Steel Plant has a special place in the hearts and minds of the people of Andhra Pradesh. During yesterday’s Cabinet meeting, it was decided to provide equity support of over Rs. 10,000 crore f...