in a joint venture project or wholly-owned subsidiary.
"RINL has nothing to do with IPO. The government has to decide whether to go for listing or not. We have not received any communication for the DPE on the status issue. We hope they will consider it," the official said.
The Vizag-based company is the second largest state-owned steel maker in the country after SAIL, with a production capacity of 3.4 million tons per annum and is in the process of expanding the capacity to 6.3 million tons.