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India: Financial support worth INR 11'440 crore approved for steel manufacturer Rashtriya Ispat Nigam Ltd

Description

On 17 January 2025, the Indian Cabinet Committee on Economic Affairs approved a financial revival plan worth INR 11'440 crore for the Rashtriya Ispat Nigam Ltd. The revival plan includes an equity cap...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

17 Jan 2025

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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