Archive · 2 Aug 2025
Govt. Confirms RINL Disinvestment, No Merger With SAIL Planned
The government is moving forward with its plan to sell off the Vizag steel plant (RINL).
They're also giving the company money to help it run.
A lot of workers have chosen to retire early.
The government has made it clear that they aren't going to merge RINL with SAIL.
The government approved selling all of its shares in the plant back in 2021.
People have been worried about the sale, but the government is sticking to its plan, while also helping the plant stay open.
Government reaffirms its commitment to RINL disinvestment.
₹11,440 crore approved as capital infusion for RINL; ₹9,824 crore released.
A Voluntary Retirement Scheme (VRS) at RINL saw 1,017 applications.
No merger of RINL with Steel Authority of India Limited (SAIL) is planned.
Cabinet approved 100% disinvestment of the Government’s shareholding in RINL in 2021.
- Who
- Bhupathiraju Srinivasa Varma, Minister of State in the Ministry of Steel
- What
- Government reaffirms RINL disinvestment plans, approves capital infusion and denies merger with SAIL.
- When
- Cabinet Committee on Economic Affairs (CCEA) approved disinvestment on January 27, 2021.
- Where
- Rajya Sabha
- Why
- In response to questions regarding the future of RINL
Concerns
Government's Stance
Disinvestment
Concerns
Concerns about strategic asset sales and job losses.
Government's Stance
Government remains committed to disinvestment
- Company
- RINL (Vizag steel plant)
- Capital Infusion Approved
- ₹11,440 crore
- Capital Released
- ₹9,824 crore
- VRS Applications
- 1,017
- Disinvestment Approval Date
- January 27, 2021