Thousands of workers of state-owned RINL and NMDC boycotted work for a second day on Tuesday as part of the nationwide strike, affecting steel production and mining operations, a union leader said.
About 35,000 workers of state-owned SAIL, RINL and NMDC continued to boycott work on Tuesday as part the nationwide strike, affecting production at steel plants and mines.
The Kerala High Court on Monday directed the LDF administration to forthwith issue orders preventing its STAFF from abstaining from duty as part of the two-day strike
The last date for putting bids is April 4.
The first dispatch of 51 loco wheels was flagged off to Lucknow workshop of the Indian Railways
The Indian conglomerate aims to get about a 500,000 barrels of cargo of United Arab Emirates' Das crude from RINL
With the Air India deal closed, the team at EY is gearing up for more government asset sale programmes
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Among the upcoming assets, Tata Steel is keen on participating in the bidding process for RINL
This is the second extension given for transaction advisors
The government on Tuesday extended the deadline till August 17 for merchant bankers and legal advisors to bid for managing strategic sale of RINL. The earlier deadline for submitting bids was July 28. The Department of Investment and Public Asset Management (DIPAM) had on July 7 floated the Request for Proposal (RFP) for appointing transaction and legal advisors. The government would appoint one transaction advisor from reputed merchant bankers or consulting firm for providing advisory services to DIPAM and managing the strategic disinvestment of government's stake in RINL, along with RINL's stake in its subsidiaries/joint ventures. It would also appoint one law firm as legal advisor for facilitating the transaction. The Cabinet Committee on Economic Affairs (CCEA) on January 27 gave its 'in-principle' approval for 100 per cent disinvestment of government stake in Rashtriya Ispat Nigam Ltd (RINL), also called Visakhapatnam Steel Plant or Vizag Steel, along with RINL's stake in its
Union Steel Minister Ram Chandra Prasad Singh on Tuesday reviewed the performance of state-owned RINL, MSTC, KIOCL and MOIL, according to a release.
State-owned NBCC will submit the detailed project report (DPR) to RINL by month-end for the steel maker's 22.19 acre land in Visakhapatnam city, a popular tourist destination in Andhra Pradesh.
The disinvestment of loss-making plants may likely attract interest from secondary steel makers rather than the big players
Andhra govt has invited Posco to set up a unit at Krishnapatnam, but steel major has not taken a decision yet
State-owned RINL expects to garner Rs 1,000 crore from the sale of its 22.19 acre land located in the heart of Visakhapatnam city, a popular tourist destination in Andhra Pradesh
: Hundreds of employees of Visakhapatnam Steel Plant on Friday took out a protest rally against the proposed divestment of Rashtriya Ispat Nigam Limited (RINL), the corporate entity of the steel- maker. The parties, including the ruling YSR Congress, supported the agitation. The protestors demanded that the Centre withdraw its proposal and save the steel plant as it is one of the biggest and profitablepublic sector undertakings in the state. The Union Cabinet had cleared the privatisation of Rashtriya Ispat Nigam Ltd (RINL), DIPAM (Department of Investment & Public Asset Management) Secretary Tuhin Kanta Pandey tweeted on February 3. The RINL strategic sale proceeds would be part of the disinvestment target for next fiscal. The government has budgeted Rs 1.75 lakh crore from disinvestment in 2021-22 fiscal beginning April 1. "The CCEA (Cabinet Committee on Economic Affairs) had, on January 27, 2021, given in-principle approval for 100% strategic disinvestment of the
Due to the bad market conditions developed post outbreak of the virus, steel makers were forced to cut down their operations by up to 50 per cent in April
In the last 40 days, RINL has supplied more than 4,000 tonnes of liquid oxygen to the local state administration, at an average of 100 tonnes a day
The JWG would meet regularly to expedite the implementation of the MoU, the ministry said.