RINL Inks MoU with Andhra Government Facilitating Investments in the State RINL to Make an Investment of around Rs 38500 Crores

RINL, a corporate entity of Visakhapatnam Steel Plant inked an MoU with the Government of Andhra Pradesh during the 22nd CII Partnership Summit & 1st Sunrise AP Investment Meet” currently being held in Visakhapatnam.

Investment: Rs.38,500crores by RINL to take up various projects at Visakhapatnam with an employment opportunity to around 3000 people.

Key persons:Shri PC Mohapatra, Director (Projects), RINL and ShriKartikeyaMisra, IAS, Director of Industries

Highlights:

• Coke Oven Battery-5
• Expansion of RINL to 5-12 mtpa with an estimated investment of Rs 25,000 crores.
• Slurry Pipeline & Pellet Plant Project (Joint Venture with NMDC & Others) at an investment of Rs. 6,100 crores.
• Transmission Line Tower Project (JV with POWERGRID) with an investment of Rs. 330 crores.

*CMD, RINL:Shri P Madhusudna