Tata Steel can buy this government company, know what is the planning
Wed, 18 Aug 2021
jaipur desk !!!Tata Steel, one of the important companies of the Tata Group and one of the largest steel companies in the country, may soon buy Rashtriya Ispat Nigam Limited. In this regard, Tata Steel Chief Executive Officer and Managing Director TV Narendran said that his company is interested to buy the state-owned Rashtriya Ispat Nigam Limited (RINL). RINL under the Ministry of Steel is located in Visakhapatnam, Andhra Pradesh and operates a 7.3 million tonne capacity plant. It has the distinction of being India's first coastal integrated steel plant. The Cabinet Committee on Economic Affairs (CCEA) on January 27 gave its in-principle approval for disinvestment of the government's entire stake in RINL. RINL is also known as Visakhapatnam Steel Plant or Vizag Steel.