PRESCRIPTION FOR PROFIT
Name: Rashtriya Ispat Nigam Ltd (RINL) or Vizag Steel
Location: Visakhapatnam
Year it was set up: 1982
No. of employees: 35,724
Land holdings: 19,703 acres
➘ RETAIN RNIL as a central public sector enterprise (CPSE)
➘ TRANSFER 16,872 ACRES in the name of RINL, instead of holding it in the name of the President of India, to improve company credit rating and enable it to raise loans at competitive rates
➘ MONETISE THE SURPLUS 2,830 acres to raise extra funds
➘ ALLOT CAPTIVE MINES to help RINL cut costs on sourcing iron ore
➘ SELL FORGED WHEEL PLANT in Raebareli in UP to raise Rs 2,500 crore and sell stake in Orissa Minerals Development Company for Rs 1,500 cr
➘ EARN GOODWILL of the land evacuees by enlisting 8,000 fourth-generation rehabilitation card-holders and giving them employment