Centre clears privatisation of RINL

04 Feb 2021 CW Staff

The Centre has approved the privatisation of public sector steel producer Rashtriya Ispat Nigam Ltd (RINL), which operates the 7.3 million metric tonne (mt) capacity Visakhapatnam Steel Plant.

Currently, the government holds 100% stake in the company that makes long products used in construction.

RINL has two subsidiaries—The Bisra Stone Lime Company Ltd (BSLC) and The Orissa Minerals Development Company Ltd (OMDC).

Heavy losses have been incurred by RINL since FY17 on the back of rising interest costs, except for FY19 when the company posted a net profit of Rs 96.71 crore.

To cut costs and improve productivity, RINL had approved a revised voluntary retirement scheme (VRS) for employees in September 2020.

The revised VRS applies to employees who have completed 15 years of service and have attained 45 years.

4th Indian Cement Review Conference 2021

17-18 March

Click for event info

Make in Steel 2021

24 February

Click for event info

OMDC runs six manganese ore and iron ore mining leases at Barbil in Odisha’s Keonjhar district. The leases include Kolha Roida iron and manganese mines, Dalki manganese mines, Thakurani iron and manganese mines, Belkundi iron and manganese mines, Bhadrasai iron and manganese mines and Bariaburu iron mines.

Lease rights of all the six mines have expired and are not in operation for want of statutory clearances, for which the company is taking necessary action to re-start mining.

BSLC undertakes mining and marketing of dolomite and limestone. The mines are located at Birmitrapur in Sundargarh district of Odisha, with about 287 mt dolomite reserves and 367 mt limestone reserves.

Image source

Infrastructure Transport

18 Dec 2025

RVNL secures Rs 1.65 billion railway bridge project from North Eastern Railway

Rail Vikas Nigam (RVNL) has received a Letter of Award (LoA) from North Eastern Railway for a Rs 1.65 billion railway infrastructure project, strengthening its order book and showcasing its expertise in complex railway construction.The project involves constructing the substructure of a major railway bridge over the Gandak River, located between Paniyahwa and Valmikinagar stations. This is part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section, aimed at improving line capacity and operational efficiency.The bridge will feature 14 spans of 61 metres each, built on double D-t..

Raebareli’s Modern Coach Factory rolls out 15,000th railway coach

The Modern Coach Factory (MCF) at Raebareli in Uttar Pradesh has achieved a major manufacturing milestone with the rollout of its 15,000th railway coach on December 15, the Ministry of Railways said.In a press note, the ministry said that MCF has already produced 1,310 coaches in the current financial year 2025–26, reflecting sustained high output at one of Indian Railways’ most advanced passenger coach manufacturing units.Established in 2007 at Lalganj in Raebareli district, MCF was built at a cost of Rs 31.92 billion with an initial annual production capacity of 1,000 coaches. The factor..

RailTel wins Rs 260.88 million IT infrastructure order from VOC Port

Navratna public sector undertaking RailTel Corporation of India has secured an IT infrastructure order worth Rs 260.88 million from V.O. Chidambaranar Port Authority (VOC Port), strengthening its presence in port-led digital transformation projects.According to an exchange filing dated December 16, 2025, RailTel has received a Letter of Acceptance (LoA) from VOC Port Authority for the implementation of advanced IT infrastructure at the port. The project is domestic in nature and is scheduled to be completed by August 15, 2026.The company said the order has been awarded in the normal course of ..