PTI
State-owned RINL has signed an agreement with Jindal Steel and Power Ltd (JSPL) for working capital support and raw material supply of up to Rs 900 crore.
RINL Chairman and Managing Director Atul Bhatt in a meeting with representatives of various trade unions informed the company has entered into a memorandum of understanding (MoU) with JSPL for ensuring the needed working capital support or raw material requirement to start its third blast furnace (BF-3).
The blast furnace BF-3 has been closed since January 2021. The re-start of the BF-3 is planned for December 30, 2023 at a capacity of 2 lakh tonnes of hot metal per month, Bhatt said.
