Raw Material Supply to RINL from Gangavaram Port Resumes
PORTS & SHIPPING

Raw Material Supply to RINL from Gangavaram Port Resumes

After a hiatus of over a month, the supply of raw materials from Adani Gangavaram Port to Rashtriya Ispat Nigam Limited (RINL) has resumed. The disruption, caused by worker agitation at the port, had severely impacted RINL?s operations, which rely heavily on coking coal to manufacture steel.

RINL, based in Andhra Pradesh and one of India's top steel producers, faced significant operational challenges due to the lack of this critical raw material. The company had sought intervention from the Andhra Pradesh government to resolve the issue and ensure the resumption of coal supplies. The port workers' strike, which began on April 12, halted the transportation of coal, putting RINL in a precarious situation. This prolonged disruption threatened both the equipment and financial stability of the company, as it struggled to meet statutory payment obligations and maintain its operations.

RINL?s management, including CMD Atul Bhatt, engaged with the agitating workers and local authorities to negotiate the resumption of coal supplies. The intervention by the district administration and the implementation of court orders facilitated the reopening of the supply channels. The resumed supply is expected to stabilise RINL?s production and mitigate the risks posed by the prolonged shortage of raw materials.

This resolution marks a significant relief for RINL, enabling it to continue its production activities and maintain its contribution to the steel industry.

After a hiatus of over a month, the supply of raw materials from Adani Gangavaram Port to Rashtriya Ispat Nigam Limited (RINL) has resumed. The disruption, caused by worker agitation at the port, had severely impacted RINL?s operations, which rely heavily on coking coal to manufacture steel. RINL, based in Andhra Pradesh and one of India's top steel producers, faced significant operational challenges due to the lack of this critical raw material. The company had sought intervention from the Andhra Pradesh government to resolve the issue and ensure the resumption of coal supplies. The port workers' strike, which began on April 12, halted the transportation of coal, putting RINL in a precarious situation. This prolonged disruption threatened both the equipment and financial stability of the company, as it struggled to meet statutory payment obligations and maintain its operations. RINL?s management, including CMD Atul Bhatt, engaged with the agitating workers and local authorities to negotiate the resumption of coal supplies. The intervention by the district administration and the implementation of court orders facilitated the reopening of the supply channels. The resumed supply is expected to stabilise RINL?s production and mitigate the risks posed by the prolonged shortage of raw materials. This resolution marks a significant relief for RINL, enabling it to continue its production activities and maintain its contribution to the steel industry.

Next Story
Products

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Next Story
Infrastructure Energy

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

Next Story
Infrastructure Energy

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation  and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India.   The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?