Skip to main content

Rashtriya Ispat Nigam Limited inks MoU with Andhra Government Facilitating Investments

Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant inked an MoU with the Government of Andhra Pradesh today during the “22nd CII Partnership Summit & 1st Sunrise AP Investment Meet”.

The three-day Partnership Summit, which began on Sunday, is being jointly organised by the State Government and the Confederation of Indian Industry (CII).

The MoU envisages facilitating investment of around Rs. 38,500 crores by RINL to take up various projects at Visakhapatnam with an employment opportunity to around 3000 people.

RINL can support the development of infrastructure in Andhra Pradesh, considering Government’s focus on promoting manufacturing and industrialization in the state and facilitating conducive investment environment.

Projects :

• Expansion of RINL to 7.3 mtpa & modernization with an investment of Rs 3,600 crores.

• Construction of Coke Oven Battery-5 and other projects at an investment of Rs 3,400 crores.

• Further expansion of RINL to 11.5 – 12 mtpa with an estimated investment of Rs 25,000 crores.

• Establishing a Slurry Pipeline & Pellet Plant Project (Joint Venture with NMDC & Others) at an investment of Rs. 6,100 crores.

• Transmission Line Tower Project (JV with POWERGRID) with an investment of Rs. 330 crores.

About RNIL:

Rashtriya Ispat Nigam Ltd, (abbreviated as RINL), also known as Vizag Steel, is an Indian government-owned steel producer. Based in Visakhapatnam,

RINL has been awarded the Navaratna status, with accompanying autonomy of operations, due to its strong financial performance.

It is amongst the most advanced Steel plants in India and one of largest integrated steel plants in the world.

RINL is wholly owned by the Government of India.

The Rashtriya Ispat Nigam Limited (RINL) ,registered a growth of eight per cent by achieving a turnover of Rs.8,636 crore during April-December 2015.

RINL bagged the ‘Star Performer Award’ for 2013-14 for the second time in succession for contribution to exports.

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

India’s challenge of securing the seas

Three recent events underline India’s efforts to highlight its growing maritime interests and ambitions in order to secure them unilaterally and in partnership with others. The first was the quiet release of the Indian Maritime Security Strategy (IMSS) titled  Ensuring Secure Seas   in October. The second was the holding of the combined senior commanders’ conference, with top officers from all three services, on board   INS Vikramaditya , the Indian Navy’s latest aircraft carrier and its largest platform, in December. The last and most recent was India’s hosting of its second International Fleet Review (IFR) at Visakhapatnam in early February. While the pomp and circumstance as well as the photo-ops of the IFR, which attracted naval vessels from 50 countries, predictably, created the biggest splash, its significance is best understood in tandem with the 185-page IMSS-2015. Although the document is simultaneously comprehensive, conservative and cautious, it conveys on...
Post a Comment
Read more

Differences between Indus civilization & Vedic Culture

What were the Differences between Indus civilization & Vedic Culture? The Indus civilization and Vedic culture constitute two great corner stone's in the history of Indian culture and civilization. When we make a comparison between the two, we notice more differences than similarities. Our sources of information of the Harappan civilization are mainly archaeological, while the Vedic culture is mostly known from the literary sources - the Vedas. Differences: Harappans are said to have been the original inhabitants of India while the Aryans, the founders of Vedic culture, are believed to have come to India from Central Asia. The Harappan civilization was urban in nature as is evidenced by its town-planning, drainage system, and granary and so on. The Vedic culture was rural. There is almost complete absence of towns in the Rigvedic period. At best the Rigvedic Aryans lived in fortified places protected by mud walls; and these cannot be regarded as towns in the Harap...
Post a Comment
Read more

India at 90th rank in terms of energy security, access: World Economic Forum

India  has been ranked at the  90th place in a list of 126 countries compiled by World Economic Forum (WEF) on the basis of their ability to deliver secure, affordable  and sustainable energy, which was topped by Switzerland . The latest  Global Energy Architecture Performance Index  Report, explored the energy architecture of 126 countries based on their ability to provide energy access across three dimensions of the "energy triangle" - affordability, environmental sustainability, security and access. The list was topped by Switzerland followed by Norway and Sweden in the second and third place, respectively. Others in the top 10 include France (4th), Denmark (5th), Austria (6th), Spain (7th), Colombia (8th), New Zealand (9th) and Uruguay (10th). Among the BRIC nations, Brazil was the top performer as it was ranked at the 25th place, followed by Russia (52nd), India (90th), China (94)y. Regarding India, the report noted that it is "facing a vast array o...
Post a Comment
Read more