ON January 16, 2025, the Cabinet Sub-Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, decided to allocate Rs 11,440 crore for the revival of Rashtriya Ispat Nigam Limited (RINL), popularly known as Vizag Steel. Minister of Steel and Mines, Kumara Swamy, visited Vizag Steel and announced the details of the revival package on January 29, 2025.The minister made it clear to trade union leaders in Visakhapatnam that the allocated amount would be used solely for debt repayment and not for the operation of Vizag Steel.