NEW DELHI, Jan 17 (Reuters) - India's federal cabinet has approved a financial plan of 114.40 billion rupees ($1.32 billion) to revive debt-laden steel producer Rashtriya Ispat Nigam Ltd (RINL), a minister said on Friday.

The revival plan, which includes an equity capital infusion of 103 billion rupees, will help state-owned RINL revive blast furnaces to full capacity within six months, Civil Aviation Minister Rammohan Naidu Kinjarapu told reporters in New Delhi.

($1 = 86.5640 Indian rupees)

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https://www.reuters.com/world/india/india-approves-132-billion-revival-plan-debt-laden-rinl-minister-says-2025-01-17/