By FMTeam In the steel industry of India, no doubt, RINL or Rashtriya Ispat Nigam is among the biggest players and, of course, a government-owned one in the country. If you still don’t know much about this company yet, then it would be much more helpful to talk about points like Rashtriya Ispat Nigam Net Worth, Owner, CEO, Head Office, etc.
| Company name | Rashtriya Ispat Nigam Limited (RINL), also known as Vizag Steel |
| Establishment year | 1982 |
| Head Office | Visakhapatnam, Andhra Pradesh, India |
| Owner/Founder | Government of India, Ministry of Steel |
| CEO Name | Shri Manish Raj Gupta |
| Industry | Steel |
| Number of employees | N/A |
| Net worth | ₹4,538 crore as of 31 March 2024 |
| Total revenue in 2019 | ₹20,492.03 crore |
Company Profile
Going slightly and briefly into the history side of things, well, Visakhapatnam Steel Plant has its roots in 1970 when the Government of India made public their decision to set up a major steel plant in Visakhapatnam. In due course, Rashtriya Ispat Nigam Limited was given a legal entity on 18 February 1982, with Visakhapatnam Steel Plant as its principal working unit. The plant was commissioned in 1992 with a production facility of only 3.0 million tonnes of liquid steel. Since steel demand was on the rise, the plant capacity was extended multiple times. It was increased to around 6.3 MTPA by 2015 and to about 7.3 MTPA in 2017. Talking about their main head office as of 2026, well, that’s still there in Visakhapatnam.
Net Worth And Current Status
Talking about a good estimate out there, well, just in 2024, it was believed that RINL’s net worth was somewhere around ₹4,538 crore.
Future Outlook And Recent Updates
Talking about the most recent things that have happened, well, just in January 2025, the Union Cabinet gave the green light for a revival package for RINL amounting to ₹11,440 crore. The major chunk of ₹10,300 crore was given as fresh equity support, and a working capital loan of ₹1,140 crore was converted to preference share capital. This package was primarily intended for the restart of blast furnace operations and to assist the company in increasing its production level. The plan was to have two blast furnaces restarting in January 2025 and three furnaces to be fully operational by August 2025.