💨 Abstract

The Union Cabinet has approved a financial package of Rs 11,440 crore to revive the ailing state-owned Rashtriya Ispat Nigam Limited (RINL). The package includes an equity infusion of Rs 10,300 crore and the conversion of Rs 1,140 crore of working-capital loans into preference shares.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖