The RINL has availed a total amount of loans of Rs. 31,357.00 Cr between 2000-01 and 2022-23 (upto 25.11.2022) and repaid an amount of Rs.12,751.00 Cr towards loans during this period. No bonds were issued by RINL since 2000. The details of the interest rates on loans for the last three years are as under:-
|Weighted average interest rate of loans||8.31%||8.13%||8.34%|
The details of debt servicing and interest payments made/borne by RINL as a percentage of total expenditure during the last three years are as under:-
|Total Debt Servicing||2285.00||2356.00||2895.00|
|Interest payment as a percentage of total expenditure.||7.39%||7.80%||5.53%|
The cost of raw materials borne by RINL as a percentage of total expenditure during the last three years is as under:-
|Cost of raw materials as a percentage of total expenditure||57.23%||47.08%||63.76%|
This information was given by the Union Minister of State for Steel and Rural Development, Shri Fuggan Singh Kulaste, in a written reply to a question in Lok Sabha today.