RINL to raise up fund up to Rs 6k crore

Rashtriya Ispat Nigam Ltd (RINL) has plans to raise about Rs 5,000-6,000 crore in the next three years from the markets to meet its capital expenditure requirements.

The company will be raising about Rs 1,000 crore to fund current fiscals' capex requirements.

The company also revised its plan to spend about Rs 1,400-1,500 crore on expansion and modernisation this year against a target of about Rs 1,800 crore, the official said.