Rinl

Steel ministry announces pension scheme for CPSEs; move to benefit about 1.5 lakh employees

The pension scheme is estimated to cost an additional financial burden of Rs 540 crore.

Govt has drawn list of PSUs for strategic sale: Arun Jaitley

Finance Minister Arun Jaitley on Wednesday said the government has drawn a list of state-owned companies which will be put on block for strategic sale.

Sebi approves Rashtriya Ispat Nigam's IPO plans

Railways sign pact with RINL for Rs 1,100 cr wheel factory in Rae Bareli

RINL IPO unlikely to hit markets this fiscal

State-run Rashtriya Ispat Nigam's (RINL) Rs 2,500-crore initial public offer is unlikely to hit the market in current fiscal as it has to start the process anew following expiry of the offer document filed with Sebi.

No consensus on pricing, govt defers RINL IPO yet again

RINL issue was supposed to kick start the divestment programme through which the government aims to garner Rs 30,000 crore. The issue was slated to hit the markets on October 15.

RINL to start overseas roadshows for IPO from 21 June

The management of the state-run steel maker would visit six cities abroad - New York, Boston, Los Angeles, Hong Kong, Singapore and London for inviting investors.

RINL seeks Steel Min help to bring down iron ore price

Anticipating erosion of bottomline due to the twin effect of iron ore price hike and decline of steel prices, state-run Rashtriya Ispat Nigam has urged steel ministry to impress upon NMDC to bring down prices of key steel input.

Govt approves disinvestment of 10.82% stake in SAIL

The government has approved the sale of 10.82 percent of its stake in Steel Authority of India (SAIL), which may fetch the exchequer over Rs 4,000 crore.

Govt won't wait for improved mkts for PSU stake sales

The government has indicated that it will not wait for the markets to improve to go ahead with the planned stake sale in PSUs including SAIL, NALCO and BHEL. where it plans to divest close to Rs 30,000 crore