Home / Companies / News / Centre cites policy to reject union's proposal to merge RINL with SAIL

Centre cites policy to reject union's proposal to merge RINL with SAIL

Public sector undertakings (PSUs) in non-strategic sectors shall be considered for privatisation, or they shall be closed, said Minister of State Finance Bhagwat Karat in Rajya Sabha.

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As the policy puts steel manufacturing in the non-strategic sector, there is no scope to consider the merger of RINL with other Central PSEs, Karad told lawmakers in response to a question.

Nikunj Ohri New Delhi

2 min read Last Updated : Aug 03 2022 | 12:36 AM IST

The centre has rejected a proposal by the employees' union of Rashtriya Ispat Nigam Ltd (RINL) for merging the company with state-owned Steel Authority of India Ltd (SAIL), Parliament was told on Tuesday.

The New Public Sector Enterprise (PSEs) policy for Atmanirbhar Bharat classifies strategic and non-strategic sectors. Public sector undertakings (PSUs) in non-strategic sectors shall be considered for privatisation, or they shall be closed, said Minister of State Finance Bhagwat Karat in Rajya Sabha.

As the policy puts steel manufacturing in the non-strategic sector, there is no scope to consider the merger of RINL with other Central PSEs,

Topics : Rashtriya Ispat Nigam Ltd Steel Authority of India merger Centre PSU merger plan public sector undertakings state finances Rajya Sabha RINL SAIL Dipam

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