GoI Approves Rs 11,440 Crore Revival Package for RINL

Current Context: The ₹11,440 crore revival package for Rashtriya Ispat Nigam Limited (RINL), approved by the Government of India on March 21, 2025, aims to rejuvenate the financial health of the company.

• The package includes ₹10,300 crore as equity infusion and ₹1,140 crore as conversion of working capital loans into preference shares, helping to reduce debt and stabilize operations.
• This decision is aligned with the goals of the National Steel Policy, 2017, which promotes sustainable growth and self-reliance in the steel industry.
• RINL has faced challenges such as rising input costs, mounting debt, and global market fluctuations.
• The revival plan addresses these issues by providing the necessary financial support to improve production efficiency, operational performance, and competitiveness.

Question:

Q.1 What is the total financial assistance approved by the Government of India for the revival of Rashtriya Ispat Nigam Limited (RINL) in March 2025?
a) ₹10,000 crore
b) ₹11,440 crore
c) ₹12,500 crore
d) ₹9,800 crore

Answer: b) The Government of India approved an ₹11,440 crore revival package for RINL on March 21, 2025. This includes an equity infusion of ₹10,300 crore and conversion of ₹1,140 crore working capital loans into preference shares.