Rashtriya Ispat Nigam Ltd (RINL) had initiated a multi phase expansion and modernization project to enhance its liquid steel capacity to 6.3 million tonne per annum (MTPA) at its Vizag facility. The project is complete and currently the plant is running tests and other necessary procedures. Approximate investment for the first phase of the project is around Rs. 12,300 crore. Prime Minister Narendra Modi is likely to inaugurate the plant in July 2015.
Extracted from HBL, June 09,’15