Cabinet approves Rs 11,440 crore revival package for debt-hit RINL

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Poor performance from the plant had forced the railways to import forged wheels for semi-high-speed trains such as Vande Bharat.

RINL also defaulted on the Capex loan repayments and interest payments in June 2024,” the Cabinet said.

Union minister of information and broadcasting Ashwini Vaishnaw said that with this revival package, many of the legacy problems that RINL used to face will be resolved.

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Category: BusinessFinance

Markets: IndiaChinaUkraine

Topics: Cabinet RINL Vizag steel

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News Sentiment: Negative

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Published On: 2025-01-17 @ 19:33:11 (14 hours ago)

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News Source URL: business-standard.com

Language: English

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News ID: 25220319

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