Rashtriya Ispat Nigam Ltd, (RINL- Vizag Steel Plant ) is incurring a revenue loss of Rs 40-50 crore per day due to workers’ protest at Adani’s Gangavaram port in Andhra Pradesh, according to a letter written by the state-owned company to the Adani Group port firm.
“Due to non-availability of required coking coal, the company has been suffering a revenue loss of Rs 40-50 crore per day. Further, the health of equipment is endangered with prolonged shutdowns,” Atul Bhatt, chairman and managing director, RINL, said in the letter dated May 5.
