Context:
The Union Cabinet Committee on Economic Affairs approved a 11,440 crore financial package for RINL aimed at reviving the struggling state owned enterprise operating the Visakhapatnam Steel Plant.
Rashtriya Ispat Nigam Ltd (RINL)
- Full Name
- Rashtriya Ispat Nigam Ltd RINL commonly known as Vizag Steel.
- Chairman
- Ajit Kumar Saxena
- Established
- 18 February 1982
- Ownership
- A Central Public Sector Undertaking CPSU under the Ministry of Steel Government of India.
- Location
- Based in Visakhapatnam, Andhra Pradesh, India.
Key Features and Background
Integrated Steel Plant RINL operates Visakhapatnam Steel Plant VSP which is India’s first shore based integrated steel plant built with state of theart technology.
- Commissioning
- The steel plant was commissioned in 1992 with an initial capacity of 30 MTPA Million Tonnes Per Annum of liquid steel
- Expansion
- Reached 63 MTPA in April 2015
- Increased capacity to 73 MTPA in December 2017
Captive Mines and Resources
- Limestone
- Captive Mine Located at Jaggayyapeta Krishna District Andhra Pradesh
- Dolomite
- Captive Mine Situated at Madharam Khammam District Andhra Pradesh
- Manganese
- Ore Captive Mine Located at Cheepurupalli Vizianagaram District Andhra Pradesh
- Sand Mining
- Lease RINL holds a mining lease for river sand on the Champavathi River
