The loan on RINL is estimated to be ₹22,000 crore and annual debt servicing obligation is around ₹3,000 crore. Visakhapatnam-based RINL is focused on securing a captive mine to meet iron ore requirements for its steel plant. It has already written to Odisha, Chhattisgarh and Andhra Pradesh for recommending reservation of iron ore deposits.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.