RINL eyeing Rs1,000 crore from sale of 22-acre land
Sun, Mar 7, 2021 3:32 PM

RINL eyeing Rs1,000 crore from sale of 22-acre land

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Rashtriya Ispat Nigam is looking to raise Rs 1,000 crore from the sale of its 22.19-acre land located in the heart of Visakhapatnam city. State-owned NBCC announced signing an MoU with RINL for redevelopment and monetisation of the land. The company, without any captive iron ore mine, produces over 19,000 tonnes of hot metal per day from its three fully operational blast furnaces at the plant.

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