Breaking News

Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis

RINL seeks Andhara govt's intervention for supply of coking coal from Adani Gangavaram Port

654293_1715255275_small.png
Logistics 09 May 2024 05:17 PM IST Economic Times

RINL approached the Andhra Pradesh government for support in ensuring an immediate coking coal supply delayed at Adani Gangavaram Port. The coking coal supply has been halted since last month owing to worker agitation at AGPL (Adani Gangavaram Port Limited), operated by Adani group subsidiary Adani Ports and SEZ (APSEZ).

In a letter to Visakhapatnam district collector, RINL CMD Atul Bhatt stated that the firm's operations are in a critical state due to a lack of the most important raw material, coking coal, which has been detained at Gangaravam Port since April 12 due to AGPL workers' agitation.

"We request the district administration and police to provide necessary security so that RINL can peacefully shift critical materials, such as coal, through its own loaders and dumpers," Bhatt said.

According to Bhatt, more than 1,000 RINL employees and trade union leaders interacted with the agitating workers of AGPL on Wednesday and persuaded them to immediately allow the transfer of coking coal to RINL.

RINL, the corporate entity of Visakhapatnam Steel Plant (VSP) under the Union Steel Ministry, is among the country's top six steel makers. It has three blast furnaces of 2.5 million tonnes each. Coking coal is a key raw material needed for steel manufacturing. Due to the non-availability of coking coal, operations at RINL have been forced throttling, the CMD said.

"The impasse in the matter, extending nearly for a month, is posing a severe threat to the health of the equipment as also the financial health of the company," he said, adding that the company is unable to meet even statutory payment obligations.