Archive · 26 Dec 2025
RINL Announces Third Voluntary Retirement Scheme Phase
RINL, which runs the Visakhapatnam Steel Plant, has announced a third Voluntary Retirement Scheme (VRS).
This is a revised version of previous schemes.
Employees who have worked for at least 15 years and are 45 years old can apply from January 1-20, 2026.
About 4,000 out of 12,300 eligible employees can participate.
The scheme aims to reduce the workforce and save costs.
In the first phase, 1,126 employees left, and in the second phase, 487 left.
The plant currently has 9,385 permanent employees and 8,400 contract workers.
The scheme is part of efforts to make the plant more efficient.
RINL announces the third phase of the Voluntary Retirement Scheme (VRS) for Visakhapatnam Steel Plant employees.
Applications will be accepted online from January 1-20, 2026, with a withdrawal deadline of January 23, 2026.
Eligible employees must have completed at least 15 years of service and be at least 45 years old.
About 4,000 out of 12,300 eligible employees are expected to participate in the scheme.
The VRS aims to rationalise manpower, optimise human resources, reduce costs, and improve productivity.
- Who
- Rashtriya Ispat Nigam Limited (RINL) employees
- What
- Third phase of Voluntary Retirement Scheme (VRS) announced
- When
- Applications accepted from January 1-20, 2026
- Where
- Visakhapatnam Steel Plant
- Why
- To rationalise manpower, optimise human resource utilisation, reduce costs, and improve productivity
- Company
- Rashtriya Ispat Nigam Limited (RINL)
- Plant Location
- Visakhapatnam
- Application Period
- January 1-20, 2026
- Eligibility Criteria
- Minimum 15 years of service and 45 years of age
- Eligible Employees
- 12,300
- Expected Participants
- 4,000
- Current Permanent Employees
- 9,385
- Current Contract Workers
- 8,400
- First Phase VRS Participants
- 1,126
- Second Phase VRS Participants
- 487
- First Phase VRS Budget
- Rs 506 crore
- Plant Turnover (2021)
- Rs 28,000 crore
- Plant Operating Profit (2021)
- Rs 940 crore
