
Cabinet Approves revival plan for Rashtriya Ispat Nigam Ltd (RINL) at a total cost of Rs 11,440 crores.
The Cabinet Committee on Economic Affairs (CCEA), chaired by Hon. Prime Minister Shri Narendra Modi, has approved the revival plan for RINL for a total of Rs 11,440 crores. The infusion includes ₹10,300 crore as equity capital into Rashtriya Ispat Nigam Ltd. (RINL) and Conversion of ₹1140 crore working capital loan as 7% Non-cumulative Preference Share Capital redeemable.