RINL’s merger with NMDC rejected

Indian steel producer Rashtriya Ispat Nigam Limited’s (RINL’s) plan of securing raw material security through corporate activity has suffered a setback with the Indian government ruling out a merger with country’s largest iron-ore miner, NMDC Limited. Steel Minister Chaudhary Birendra Singh this week said that the government had not found any merit in the proposal submitted for the RINL-NMDC merger and that the government would not follow it up further.