New Delhi: A Parliamentary panel out forth a proposal before the government to consider the merging of Rashtrya Ispat Nigam (RINL) and Steel Authority of India (SAIL). The merger is expected to aid the two state-un steel makers to acquire global size of operation. The panel also estimates the merger to enable the PSUs to synergise operation and bring down the operational cost involved.
While reiterating their recommendation on revisiting the proposal for merger of RINL with SAIL, the Committee desire the government to clearly specify its stand on the issue and apprise it on the same,” said the Committee on Public Undertaking in its recent report.
SAIL is the largest steel maker in the country with the current production capacity at 14.6 million tonnes per annum. It has embarked on a capacity expansion to take it to 26.2 mtpa.
EPC World News Bureau
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