Government invests in RINL to keep it as a going concern

NEW DELHI: Govt has infused around Rs 1,650 crore in state-owned RINL, gripped with operational and financial issues, according to an official document. Govt is also taking various measures to keep RINL as a going concern, the ministry of steel said in a note. “In this regard, govt of India has infused Rs 500 crore towards equity on Sept 19, 2024, and a working capital loan of Rs 1,140 crore on Sept 27, 2024,” according to the document. It said SBICAPS is preparing a report on the sustainability of RINL