Rashtriya Ispat mulls new business model
Mint Mumbai|April 05, 2023
In a first, state-owned Rashtriya Ispat Nigam Ltd (RINL) is exploring a business model wherein it will supply finished steel products to companies which will either fund its working capital or supply one or more raw materials.
Rashtriya Ispat mulls new business model

RINL has invited expressions of interest from companies which have interests in steel and steel-making raw materials to partner with it for the supply of steel.

In the notice, RINL said the potential partner may participate by way of supplying one or more key raw materials like coking coal/BF coke, iron ore, and in turn take steel products as per mutually agreed terms and conditions.

The potential partner may fund working capital and, in turn, take steel products as per mutually agreed terms and conditions.

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