RINL, the state-owned steel giant, is set to monetize land assets worth Rs 200 crore in the financial year 2025–26 (FY26). This move comes after raising Rs 248 crore from land sales in FY25.
The goal? To ease its deep financial troubles and keep the wheels turning at the Visakhapatnam Steel Plant.
RINL is not just any company; it runs India’s only shore-based integrated steel plant with a capacity of 7.3 million tonnes of liquid steel per year.
But despite its size and importance, the company has been struggling financially. In the first nine months of FY25, RINL reported a pre-tax loss of nearly Rs 4,000 crore and total liabilities close to Rs 39,000 crore. The pain even reached employees, who got partial salaries for three months in late 2024.
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What does this mean for the average person?
For starters, the health of RINL is directly tied to India’s steel supply and, by extension, the country’s industrial growth. Steel is the backbone of construction, infrastructure, and manufacturing. If RINL stumbles, it sends ripples through many sectors and the economy itself.
To avoid this, the government stepped in with a revival package worth Rs 11,440 crore.
This includes a massive Rs 10,300 crore equity infusion and a clever debt conversion into preference shares. On top of that, the Rs 200 crore land monetisation in FY26 will put more cash into RINL’s pocket, helping it stay afloat. Unlike some asset sales that send money straight to the government’s treasury, these proceeds will stay with RINL. That’s a win for the company’s future.
RINL’s struggle is a reminder that steel sector health isn’t just corporate balance sheets; it affects everyday lives. Prime Minister Modi recently stressed this point, calling steel the “skeleton of modern economies.”
From skyscrapers to smart cities, steel builds it all. India’s rise to become the world’s second-largest steel producer depends on keeping companies like RINL strong.
And there’s a green twist to this steel story. RINL is also leading the charge toward sustainable steel production. The company earned the National Energy Leader Award for cutting-edge energy efficiency.
With initiatives like green hydrogen and electric arc furnaces, RINL is not just surviving—it’s gearing up for a cleaner, smarter future.
So yes, land sales are just one piece of the puzzle. But they’re a crucial sign that RINL isn’t ready to give up. It’s a company fighting back, land parcel by land parcel, to stay at the heart of India’s steel journey.
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