Centre plans ₹8,097 crore equity infusion for RINL revival in Visakhapatnam
The Indian government plans to infuse ₹8,097 crore in equity into Rashtriya Ispat Nigam Limited (RINL) to support the revival of the financially stressed Visakhapatnam Steel Plant. This move follows previous financial support and aims to stabilize operations and improve production capacity. The decision, approved by the finance ministry, awaits formal cabinet approval.
- ▪The ₹8,097 crore infusion will be in the form of equity to provide immediate operational relief to RINL.
- ▪The Union finance ministry has approved the package, which is expected to be formally announced after cabinet ratification.
- ▪RINL currently operates at 7–7.3 million tonnes capacity with potential to expand to 17 million tonnes with fresh investment.
- ▪The plant lacks captive coal mines, leading to high production costs and reliance on imported raw materials.
- ▪Previous government support included ₹11,440 crore in 2025, enabling all three blast furnaces to restart by June 2025.
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Centre plans ₹8,097 crore equity infusion for RINL revival in VisakhapatnamThe government plans to announce an ₹8,097 crore financial package for RINL to aid its revival amid ongoing financial struggles.Published on: May 02, 2026 5:54 AM ISTBy Srinivasa Rao Apparasu, HyderabadShare viaCopy link The central government is planning to announce yet another financial package to the extent of ₹8,097 crore to Rashtriya Ispat Nigam Limited (RINL), better known as Visakhapatnam Steel Plant, as part of the revival of the financially-stressed public sector undertaking, people familiar with the matter said.Centre plans ₹8,097 crore equity infusion for RINL revival in VisakhapatnamAccording to a senior official of the state government, who preferred anonymity, the proposed ₹8,097-crore infusion would…
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