Question
What is the total cost of the revival plan approved for
Rashtriya Ispat Nigam Ltd. (RINL)?Solution
The Cabinet Committee on Economic Affairs approved a ₹11,440 crore revival plan for RINL, which includes ₹10,300 crore as equity capital and ₹1,140 crore as Non-cumulative Preference Share Capital. This will help address working capital shortages and stabilize operations at the Visakhapatnam Steel Plant.
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