India, Feb. 4 -- The Government of India issued the following news release:
During 2024-25 (April-December 2024), Rashtriya Ispat Nigam Limited (RINL) has produced 2.68Mt of Hot Metal and 2.37 Mt of Saleable Steel. Total Income of RINL during April-December 2024 was rs 12,615.03 crore. During this period, RINL incurred a loss of rs (-) 3943.43 crore (Profit Before Tax). Total liabilities of RINL as on 31.12.2024 is around rs 38,965.00 crore.
Government of India has approved the infusion of rs 10,300.00 crore as equity capital in RINL (including rs 500.00 crore already provided as emergency funds in September, 2024) and conversion of rs 1140.00 crore working capital loan as 7% Non-cumulative Preference Share Capital redeemable after 10 yea...