Global Trade Alert
Global Trade Alert

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

Announcement

17 Jan 2025

On 17 January 2025, the Indian government approved a revival plan worth INR 11'440 crore for a government-owned steel manufacturer Rashtriya Ispat Nigam Ltd.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

17 Jan 2025

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) In force

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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