New Delhi, March 21 -- The Government of India has approved infusion of Rs 11,440 crore as Equity/ Preferential capital in RINL, to sustain the operations of RINL and to keep it as a going concern, a press release from Ministry of Steel said.

The Company has focused on improvement in techno-economic performance, better capacity utilization and rationalization of fixed costs etc. to enhance operational efficiency. This aligns with the objectives of National Steel Policy, 2017, the release added.

This information was given by the Minister of State for Steel and Heavy Industries, Shri Bhupathiraju Srinivasa Varma in a written reply in the Rajya Sabha.

In January this year, Union Minister Ashwini Vaishnaw announced Rs 11,440 crore revival ...