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India's RINL accelerates privatization steps

Rashtriya Ispat Nigam Limited (RINL), the legal entity of Visakhapatnam Steel Plant (VSP), has accelerated its steps towards privatizing various sections of the facility.

India's RINL accelerates privatization steps

According to the company's latest update, two-thirds of the thermal power plant that supplies electricity to the facility will be transferred to private management. This move follows previous tenders for private sector participation in the Quality Assurance and Technology Department, Raw Material Processing Plant (RMHP), and Sinter Plant. Approximately 850 employees work in these three departments.

RINL also announced that the Fire Department, which employs approximately 280 personnel, will be transferred to private management. Additionally, it was revealed that 32 other units will be opened up for outsourcing.

As a critical step, the company will transfer the Steel Melting Shops (SMS) I, II, and III, Blast Furnaces I, II, and III, Structural and Wire Rod Mills (SBM, WRM I, II, and VI), Madaram Mines, Rolling and Repair Shops I, II, and VIII, Central Maintenance Shop (CMS), Foundry, Special Technology Factory (STM), ENMD, and other related facilities.

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