RINL Executives Take Out Walkathon To Save PSU From Privatization
The Steel Executives Association (SEA) organised a Silent March with November 2011 RINL Management Traineess batch, family members of Executives, members from SEFI, WIPS, Ukkunagram Mahila Samithi and Students.
The Silent March started at 8am from Telugu Thalli Junction (KBR BUS STOP) to end at a distance of three kilometres at Vizag steel Arch Kurmannapalem Junction.
With this, SEA would like to bring the following demands to the attention of GOI.
1. To Review the decision of 100% Strategic Disinvestment/Sale of RINL
2. To Merge RINL with SAIL/NMDC
3. To allot Captive mines for RINL
4. To Infuse Capital to achieve turnaround
The RINL has over 17,000 permanent employees and another 14,000 contract employees and is also called the pride of Andhra Pradesh
It is to be noted that Andhra Chief Minister YS Jagan Mohan Reddy has also written a letter to Prime Minister Narendra Modi, urging him to stop the strategic sale of the Vizag Steel Plant.