Visakhapatnam Steel Plant News - Latest Updates & Headlines
Union Government approves infusion of Rs 11,400 crore for revival of RINL plant
New Delhi, March 22: The Government of India has approved infusion of Rs 11,440 crore as Equity/ Preferential capital in RINL, to sustain the operations of RINL and to keep it as a going concern, a press release from Ministry of Steel said.
Chandrababu Naidu played key role in reviving Visakhapatnam Steel Plant: Andhra Pradesh TDP Chief
Visakhapatnam, January 21: The Visakhapatnam Steel Plant (VSP), which faced severe financial challenges and was on the verge of collapse, was saved due to the decisive leadership of former Chief Minister N Chandrababu Naidu, according to an official release on Tuesday.
Andhra came off ventilator with Centre's support: Chandrababu Naidu
Amaravati, Jan 19: Andhra Pradesh Chief Minister N. Chandrababu Naidu said on Sunday that with the Centre's support, his state came off the ventilator, but it requires more hand-holding to recover fully.
Union cabinet approves revival plan for Rashtriya Ispat Nigam Ltd at a total cost of Rs 11,440 crores
New Delhi, January 17: The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the revival plan for Rashtriya Ispat Nigam Ltd. (RINL) for a total of Rs 11,440 crores. Rs 10,300 crore as equity capital and a Rs 1140 crore working capital loan.
Vizag Steel Plan has special place for people of Andhra Pradesh: PM Modi
Amaravati, Jan 17: Prime Minister Narendra Modi said on Friday that the Visakhapatnam Steel Plant has a special place in the hearts and minds of the people of Andhra Pradesh.
Andhra Pradesh CM thanks PM for financial support to revive Vizag Steel Plant
Amaravati, Jan 17: Andhra Pradesh Chief Minister N. Chandrababu Naidu on Friday hailed Rs 11,400 crore financial package to revive the Visakhapatnam Steel Plant and thanked Prime Minister Narendra Modi.
Centre announces Rs 11,440 crore revival package for Visakhapatnam Steel Plant
New Delhi, January 17: Union Minister Ashwini Vaishnaw on Friday announced that the Cabinet chaired by Prime Minister Narendra Modi has approved a package of Rs 11440 crore for the revival of Rashtriya Ispat Nigam Limited (RINL) -- the corporate entity of Visakhapatnam Steel Plant.