Minister asks RINL to set up cement plant

Minister asks RINL to set up cement plant

Beni Prasad Verma, Union Minister of State for Steel (Independent Charge), after reviewing the quarterly performance of Rashtriya Ispat Nigam Ltd (RINL), has asked RINL to explore the possibility of setting up a slag cement plant at Visakhapatnam. The minister was of the opinion that the company should invite partners of international repute. The minister appreciated the performance of company, and said that RINL is making profit continuously for last eight years, and he added that its profitability would have been further higher by over Rs 1,500 crore annually, had the company had its captive iron ore mines with them like other steel industry.

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