Government Infuses ₹1,650 Crore Into RINL To Address Financial Crisis and Avoid Privatization

The government has allocated ₹1,650 crore to state-owned Rashtriya Ispat Nigam Ltd (RINL) to address its severe operational and financial issues. This includes ₹500 crore in equity and a ₹1,140 crore working capital loan. Despite plans for privatisation, unions oppose this move, citing RINL’s lack of captive iron ore mines as a critical factor in its struggles.