KOLKATA: A Parliamentary Panel has recommended the merger state-owned steel giants Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL). The Committee on Public Undertakings, a body of Lok Sabha members has reiterated its proposal stating that the the move will help the two companies acquire global scale and bring down costs of production.
""While reiterating their recommendation on revisiting the proposal for merger of RINL with SAIL, the Committee desires the government to clearly specify its stand on the issue and apprise it on the same,"" Committee on Public Undertaking has said in a recent report.
SAIL, one of the largest domestic steel companies currently has a capacity to produce 14.6 million tonnes per annum (mtpa). It has embarked on a capacity expansion to take it to 26.2 mtpa. Vizag-based RINL currently has a capacity of 2.9 mtpa, which is expected to go up to 6.3 mtpa in the next fiscal. Read More
""While reiterating their recommendation on revisiting the proposal for merger of RINL with SAIL, the Committee desires the government to clearly specify its stand on the issue and apprise it on the same,"" Committee on Public Undertaking has said in a recent report.
SAIL, one of the largest domestic steel companies currently has a capacity to produce 14.6 million tonnes per annum (mtpa). It has embarked on a capacity expansion to take it to 26.2 mtpa. Vizag-based RINL currently has a capacity of 2.9 mtpa, which is expected to go up to 6.3 mtpa in the next fiscal. Read More
Popular Posts
-
Exoles, CGI, McAfee, CSScorp, 4iApp, Exoles, Delhi Metro Hiring CSSCorp Walk-in Drive for BE/ BTECH 20...
-
Laughing Squid: A Short Informative Video About the New Look and Design of Apple’s OS X Yosemite A Sho...
-
Laughing Squid: Glass Labyrinth, An Interactive Glass-Walled Labyrinth Installation by Artist Robert Morris ...
-
The Intrepid Tourist MARTHA, THE LAST PASSENGER PIGEON, at the Natural History Museum, Washington, DC ... -
Tapandaola111 Cities Of The World Wallpapers HD Part 11 (Budapest, Warsaw, Jaipur, Brussels, Nairobi, Hano... -
Laughing Squid: Kickstarter Introduces New Simplified Rules and Project Launching Kickstarter Introduc...
