State-owned Rashtriya Ispat Nigam Limited (RINL) plans to trim its debt by selling its Raebareli forged wheel plant to the Indian Railways, said a senior government official.
“The Indian Railways will pay RINL for the Raebareli wheel plant. This will help trim debt of the steel public sector undertaking,” the official told ET on condition of anonymity, adding that the national transporter is the front runner for the wheel plant due to the 30-year offtake assurance.
