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In February 2021, the Cabinet approved the privatisation of steel-maker Rashtriya Ispat Nigam Ltd (RINL). This decision caused massive protests in Vizag city. [9] [10] [11] As of 2017, the company had planned to expand its production capacity further by one more MT which required an investment of Rs.4,500 crore. [12]
International Coal Ventures Private Limited is a special purpose vehicle set up to achieve the target of making steel PSUs self-reliant in the area of coking coal, a joint venture company has been incorporated composed of five central PSU companies i.e. SAIL, Rashtriya Ispat Nigam Limited (RINL), Coal India Limited and other target countries.
Share (%) 1 Oil and Natural Gas Corporation Limited (ONGC) 40,305 15.27 2 Indian Oil Corporation Limited (IOCL) 24,184 9.16 3 Power Grid Corporation of India (PGCIL) 17,074 6.48 4 National Thermal Power Corporation (NTPC) 16,111 6.11 5 Steel Authority of India Limited (SAIL) 12,015 4.55 6 Coal India Limited (CIL) 11,202 4.24 7
Neelachal Ispat Nigam Limited: 1982: Kalinganagar, Orissa: MMTC Ltd: Prakash Industries steel plant 1980 Janjgir, Chhattisgarh: Prakash Industries: Pro Mineral Ltd. 2014 Basantpur, Odisha: Essel Mining Limited: Shree Metaliks Anra Steel Plant 1995 Urumunda, Odisha: Shree Metaliks: RML Kharagpur 2004 Kharagpur, West Bengal: Rashmi Metaliks ...
Corus in 2006: Tata Steel signed a deal with Anglo-Dutch company, Corus to buy 100% stake at £4.3 billion ($8.1 billion) at 455 pence per share. [31] On 19 November 2006, the Brazilian steel company Companhia Siderúrgica Nacional (CSN) launched a counter offer for Corus at 475 pence per share, valuing it at £4.5 billion. On 11 December 2006 ...
The Shipping Corporation of India (SCI) is a public sector undertaking that operates and manages vessels servicing both national and international lines. It is under the ownership of the Government of India and under administrative control of the Ministry of Ports, Shipping and Waterways, with its headquarters in Mumbai.
Samajwadi Janata Party (Rashtriya) Chandra Shekhar: Chandra Shekhar: Minister of Steel 22 Santosh Mohan Dev (1934–2017) MP for Silchar (MoS, I/C) 21 June 1991 16 May 1996 4 years, 330 days Indian National Congress (I) Rao: P. V. Narasimha Rao – Atal Bihari Vajpayee (1924–2018) MP for Lucknow (Prime Minister) 16 May 1996 1 June 1996 16 days
Cochin Shipyard was incorporated in 1972 as a Government of India company, with the first phase of facilities coming online in 1982.. In August 2012, the Government of India announced plans of divestment to raise capital of ₹15 billion for further expansion through an initial public offering (IPO) towards the end of the fiscal year. [6]