RINL may undergo disinvestment to reduce debts

The Ministry of Steel is planning a minor disinvestment of Rashtriya Ispat Nigam Limited (RINL) with the view of reducing debts of the organisation. Under the current revival plans, the Ministry of Railways is seen as a possible choice to take over the land (valuation is yet to be agreed upon) while a proposal has been mooted to outsource operations of the forged wheel plant of RINL to Steel Authority of India Limited (SAIL). As per reports, Ministry of Railways has given an in-principle approval for taking over the land.