ޱĵ
Search: News Price
Home |  Register |  Price Index  |  Publication |  Consultancy |  Data |  Events |  Enquiry |  Language
May.09.2021 1USD=6.4678RMB
  SteelHome >>Steel>>Market Info>>International Dynamics
 
Indian Government Approves Privatization of RINL

//en.steelhome.cn [SteelHome] 2021-02-09 11:06:15

share to social network site
According to reports, Indian state-owned steel producer Rashtriya Ispat Nigam Limited (RINL) has received approval for privatization.

RINL currently has a finished steel plant with an annual output of 7.3 million tons in Visakhapatnam, a port city in southern India, and two raw material production subsidiaries, Orissa Minerals Development Company Limited (OMDC) and Bisra Stone Lime Company Limited(BSLC).

RINMOIL Ferro Alloys Private Limited is a joint venture with manganese mining company MOIL Limited, and RINL Powergrid TLT Private Limited (RPTPL) is a joint venture with Power Grid Corporation of India Limited (POWERGRID).

The government's privatization of RINL has raised the uncertainty of the high-grade special steel cooperation proposed by South Korean steel producer POSCO. The two companies have signed a memorandum of understanding (MOU) and established a working group to promote cooperation.

Source: YIEH
Related News
Search
News Price
Hot Topics
Latest Update
Most Viewed
ϺͨŹB2-20040629
Copyright© 2004-. SteelHome.cn. All Rights Reserved
Shanghai SteelHome Information Technology Co.,  Ltd    Tel: +86) 021-50585733, 50585358    Fax: 021-50585277