Ebene Magazine – Upcoming Privatisation of PSU: Cabinet looking for sale plan of RINL en

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Ebene Magazine - Upcoming Privatisation of PSU: Cabinet looking for sale plan of RINL en

New Delhi: The Strategic sale of the Navrata steel PSU and the corporate 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 100 percent stake in the Navrata steel PSU under the steel ministry. RINL, with an exclusive product mix of longs, is the largest producer of « Bars and Rods » in the country 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 one of the major players in the country for Long Products having three Captive Mines and 25 Marketing Branches Pan India. Forged Wheel Plant is another unit of RINL being set up at Raebareli, Uttar Pradesh 

New Delhi: Mines Safety Fortnight Celebration 2020-21 in Mahanadi Coalfield Limited kicked off today with the virtual inauguration of the same by CMD, MCL Shri P.K.Sinha at 11 AM on Jan 27, 2021. 
The inaugural ceremony lasted for about an hour wherein Shri O.P.Singh, Director (T/OP), Shri KPosted Date :  27-01-21

Noida: Mr. Suresh Chopra, Executive Director I/c (Projects), IndianOil, led the 72nd Republic Day celebrations of Refineries Division, at IndianOil Nagar Residential Colony in Noida, while strictly observing all COVID advisories.
Mr. Chopra, said on the occasion, “IndianOil has been a key pPosted Date :  27-01-21

New Delhi: Shri KK Ghosh, Director (Projects), RINL, Sri R.Srinivasa Rao, CGM (Projects)-I/c, RINL, and senior officials of Projects division planted saplings as part of “Safai Pakhwada 2021”. The Projects Division of RINL took up this Tree plantation and Swatch Bharath campaign from 16tPosted Date :  27-01-21

Hyderabad: Electronics Corporation of India Limited (ECIL), a premier Central Public Sector Enterprise at Hyderabad. Operating in the Strategic Electronics Sector. Celebrated the 72nd Republic Day with patriotic fervour and enthusiasm. Rear Admiral Sanjay Chaubey, (Retd.), Chairman & Managing DiPosted Date :  27-01-21

New Delhi: The Delhi Metro Rail Corporation on Wednesday announced that the entry and exit gates of the Lal Quila metro station and exit gate of the Jama Masjid metro station have been closed due to yesterday’s protest held in Red Fort. 
Therefore, the Delhi traffic police also suggestedPosted Date :  27-01-21

Dhanbad: Shri Gopal Singh, CMD, BCCL unfurled the Tricolour to commence the 72nd Republic Day celebrations at Jealgora Stadium, Lodna Area, BCCL Dhanbad.
Shri Rakesh Kumar, DT(OP) BCCL, Sri Samiran Dutta, DF BCCL, Sri Chanchal Goswami, DT(P&P) BCCL, Sri PVKRM Rao, D(P) BCCL, Sri Kumar AnimeshPosted Date :  26-01-21

New Delhi: The Strategic sale of the Navrata steel PSU and the corporate 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 100 percent stake in the Navrata steel PPosted Date :  26-01-21

New Delhi: Admiral (Retd.) D K Joshi, the Lieutenant Governor of Andaman and Nicobar Islands, today flagged-off a fleet of electric buses. The project for 40 electric buses is being executed by NTPC Vidyut Vyapar Nigam Limited(NVVN Limited), a 100% subsidiary of NTPC Limited, a PSU under the MinistrPosted Date :  26-01-21

Kolkata: Shri. Pramod Agrawal, Chairman, CIL & Smt. Renu Agrawal inaugurated a creche – ‘Kilkaari’, at CIL Hq in Kolkata. The creche will cater to children from 6 months to 6 years and can accommodate 30 children. It will provide clean and healthy day care services and activities to Posted Date :  27-01-21

New Delhi: Hon ‘ ble MLA of Bilaspur, Shri. Shailesh Pandey appreciates the works of Dr. R. S. Jha Director (Personnel) of SECL at SECL Headquarters Administrative Bhavan on 25.01.2021.  On this occasion, Municipal MLA Shri Pandey gave Dr. on behalf of all the people. Congratulations and bePosted Date :  25-01-21

New Delhi: Shri Nitin Gadkari visited Khadi India’s flagship outlet at Connaught Place in New Delhi today and launched several village industry products made by women artisans of Uttar Pradesh and Uttarakhand. Shri Gadkari visited several stalls in the outlet and appreciated KVIC for the diverPosted Date :  25-01-21

New Delhi: Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman inaugurated the Chennai Bench of National Company Law Appellate Tribunal (NCLAT) through virtual mode here today.
The inaugural ceremony was held in presence of Shri. Justice Bansi Lal Bhat, Acting Chairperson, NCPosted Date :  25-01-21

New Delhi: NTPC Tamil Nadu Energy Company Limited (NTECL), a JV Company of NTPC Limited & TANGEDCO (50:50) paid an interim dividend of Rs. 47,55,59,335/- (Forty-Seven Crore Fifty Five Lacs Fifty Nine Thousand and Three Hundred Thirty-Five) for the year 2020-21 towards NTPC’s 50% share.
Posted Date :  25-01-21

Andhra Pradesh: Covid 19 Vaccination drive started at RINL, today. Shri Deb Kumar Mohanthy, Director (Commercial), RINL-Vizag Steel, inaugurated the two-session sites at Main Burns Unit premises of Visakha Steel General Hospital (VSGH), RINL at Ukkunagaram, Visakhapatnam, AP. 
He appreciatedPosted Date :  25-01-21

Singrauli: The Bucket wheel Excavator-1420, one of the Specialized Mining Equipment (SME) working in the Mine-II of NLC India Ltd., was re-commissioned on 11.01.2021 after completion of revamping works.
The 1400 lts. bucket capacity BWE was supplied by M/s. O&K of Germany and it originally coPosted Date :  25-01-21

Vidhan Soudha: Shri Subba Rao MV, Chairman, and Managing Director, KIOCL met Shri Arvind Limbavali, Hon’ble Minister for Forest, Kannada & Culture, Govt of Karnataka, today Jan 25, 2021, at Vidhansoudha and requested his support & help in connection with FC issues for Devadari Mines.
Posted Date :  25-01-21

New Delhi: Raksha Mantri, Shri Rajnath Singh launched a revamped version of the Gallantry Awards Portal www.gallantryawards.gov.in today on the eve of the Republic Day 2021. This Portal will serve as a one-stop virtual platform to honour the immortal contribution of the fearless Gallantry Awardees oPosted Date :  25-01-21

New Delhi: Shri Pramod Agrawal (IAS), Chairman, CIL chaired a review meeting at CMPDIL on Jan 23, 2021. Issues like the reorganization of Jharia Coalfields of BCCL, First Mile Connectivity (FMC) projects (phase-II) of CIL, Progress of  Mine Developer & operator (MDO) Projects, formulation oPosted Date :  25-01-21

New Delhi: The Ministry of Finance, Department of Expenditure has released the 13th weekly installment of Rs. 6,000 crore to the States today to meet the GST compensation shortfall. Out of this, an amount of Rs. 5,516.60 crore has been released to 23 States and an amount of Rs. 483.40 crore has beenPosted Date :  25-01-21

New Delhi: Northern Coalfields Limited concludes its two-day event of the International Conference on Open Cast Mining Technology and Sustainability « ICOMS » on Saturday. On the occasion, key topics of discussion are modern mining technology, environmental balance, clean energy.
During tPosted Date :  25-01-21

Related title:
Rashtriya Ispat Nigam boosts exports by 141 per cent as domestic demand for steel falls
Upcoming Privatisation of PSU: Cabinet looking for sale plan of RINL
India's RINL achieves record steel exports of 1 million mt in Apr-Dec

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Ref: https://www.psuconnect.in

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