RINL in talks with Paradip port for “commodity loan”

RINL in talks with Paradip port for “commodity loan”

Hit by non-availability of coking coal following a workers’ strike at the Adani-owned Gangavaram port, CPSE steel-maker RINL (Rashtriya Ispat Nigam Ltd) is in talks with Paradip port for a “commodity loan” of 50,000 tonnes (of coal), while it is re-routing two coal bearing ships from Gangavaram to Vizag port. Operations at RINL have been severely hit following shortage of the key steel-making commodity. The first vessel is expected to the berthed at the state-run-port today and coal…
Read More…

Source: https://www.thehindubusinessline.com/companies/rinl-in-talks-with-paradip-for-commodity-loan/article68083652.ece/amp/