Rashtriya Ispat Nigam
|Founded||18 February 1982|
|Key people||P Madhusudan, Chairman & MD|
|Revenue||106.35 billion (US$1.8 billion) (2010)|
|Net income||7.97 billion (US$130 million) (2010)|
Rashtriya Ispat Nigam Ltd, (abbreviated as RINL), also known as Vizag Steel, is an Indian government-owned steel producer. Based in Visakhapatnam, RINL has been awarded the Navaratna status, with accompanying autonomy of operations, due to its strong financial performance.
The plans for a steel plant in Visakhapatnam were announced in 1971 by then Prime Minister of India, Indira Gandhi. Originally, intended as a plant of the state-owned Steel Authority of India Limited, RINL was established as a separate company in 1982, just before the start of its operations. It has been constructed with collaboration with former USSR and Germany. It is amongst the most advanced Steel plants in India and one of largest integrated steel plants in the world.
RINL is wholly owned by the Government of India. In November 2010, the company was granted the Navratna status by the Government of India.  In September 2011, the government announced plans to divest 10% of its stake in RINL via an initial public offering.
RINL operates a 3 million tonne per annum capacity steel plant in Visakhapatnam.During the initial periods, the company suffered huge losses. Later the profits have gone up by 200% making it the only steel industry to achieve such target.
In the next phase of its expansion, it plans to invest 70 billion (US$1.2 billion) to add another 4 million tonnes to its annual capacity. In addition, it plans to invest 250 billion (US$4.2 billion) to add capacity for the production of 4 million tonnes of specialised steel. Its annual capacity is expected to reach almost 7.5 million tonnes by 2015.
International Coal Ventures Private Limited
ICVL is a joint venture of five companies owned by the Indian government. Aside from Rashtriya Ispat Nigam, the venture includes Steel Authority of India, Coal India, National Minerals Development Corporation and National Thermal Power Corporation. ICVL acquired a 65 percent stake in the Benga coal mine in Mozambique from the Rio Tinto Group in July 2014.
- "RINL Formation Day Celebrated". Rashtriya Ispat Nigam Limited. Retrieved 2 September 2011.
- "Annual Report, 2009–10". Rashtriya Ispat Nigam Limited. Retrieved 2 September 2011.
- "Visakhapatnam Steel Plant unions serve strike notice". 10 June 2012.
- "India to Sell 10% Stake in Rashtriya Ispat Nigam". Wall Street Journal. 2 September 2011. Retrieved 2 September 2011.
- "Expansion Plans". Rashtriya Ispat Nigam Limited. Retrieved 2 September 2011.
- "Annual Report 2012-2013".
- "Q&A: Pradip Kumar Bishnoi, Rashtriya Ispat Nigam Limited". Business Standard. 25 April 2011. Retrieved 2 September 2011.
- "Indian JV to acquire Rio Tinto's Riversdale coal assets in Mozambique". India Gazette. Retrieved 31 July 2014.