Published On:December 13 2022
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Govt plans to invite EoIs for divestment of RINL by Jan-end.
The government is planning to invite expressions of interest for the divestment of Rashtriya Ispat Nigam Limited (RINL) and its subsidiary by the end of January 2023.
Tata Steel, JSW Steel and Adani Group have shown "strong interest" in the entity during the pre-bid consultations held in early December, said people familiar with the development. "We have received very positive responses for RINL during the roadshows. Seven companies, including Tata Steel, Adani Group and JSW Steel, have expressed strong interest," said one of the persons, who did not wish to be identified.
ET