A lifeline for Vizag Steel

Steel large Rashtriya Ispat Nigam Ltd gets a accidental to crook things astir with a fiscal bundle of Rs 11,440 cr. from the centre. The PSU's inherent limitations, though, whitethorn play spoiler

THE FORGE: The RINL plant

Visakhapatnam, oregon arsenic the Telugu biddas similar to telephone it, ‘Vizag’, is Andhra Pradesh’s biggest metro metropolis and lays assertion to specified honorifics arsenic the ‘shipbuilding superior of India’ and the ‘jewel of the East coast’. And among the jewels the metropolis boasts of is the government-owned Rashtriya Ispat Nigam Ltd (RINL) oregon the Vizag Steel Plant (VSP), declared a ‘Navaratna’ successful 2010 but present facing an uncertain future. In 2021, the Union furniture had approved the disinvestment program for the plant, but aft monolithic protests successful the city, the determination was enactment connected ice.