He asked RINL to explore the possibility of setting up a slag cement plant at Visakhapatnam, inviting partners of international repute.
Appreciating the performance of company, he said, RINL is making profit continuously for last eight years, though the company does not have captive iron ore and coal mines. He said that RINL’s profitability would have been further higher by over Rs. 1500 crores annually, had the company captive iron ore mines with them like other steel industry.
The Steel Minister assured for extending all possible help for early allotment of both iron ore and coal mines to RINL in the national interest to meet the growing requirement of steel in the country. RINL has already submitted several applications for allotment of iron ore mines in the State of Jharkhand, Andhra Pradesh, Orissa, Rajasthan and Chhatisgarh.