VISAKHAPATNAM: Union steel minister Jyotiraditya Scindia has explained why the monthly salaries of RINL employees are being delayed.
Replying to a question by BJP MP G.V.L. Narasimha Rao in the upper house of Parliament over the delay in payment of salaries, the union minister said, “Usually, salaries in RINL are paid on the first day of the following month. Due to liquidity constraints this year, salary payments in September and October were made in the first week of the following month.”
MP Narasimha Rao posed several questions to the steel minister in the Rajya Sabha related to RINL. In his written reply, Jyotiraditya Scindia said: “The centre has requested the Odisha state government to allocate an iron ore block through the reservation route to RINL. In addition, steps have been taken to improve RINL's financial performance, such as reduction in costs, optimisation of product mix as per market requirements to achieve increase in steel production and sales, and increasing the percentage of indigenous coking coal in the coal mix to reduce costs,” the union minister stated.
