RINL employees ask PMO to clear pending salaries and VRS settlements
The collectives said the plant had an emergency reserve fund of over ₹900 crore and a cash balance of ₹195 crore, and that salaries, VRS-2 and VRS-3 settlements and family and widow pensions remained unpaid
Rashtriya Ispat Nigam Limited (RINL), the corporate entity managing Visakhapatnam Steel Plant, has faced criticism for pending financial obligations despite posting a turnover of ₹36,363 crore over the past two years. Employee groups, including VizagSteelFamily, have turned to the Prime Minister's Office on X, questioning why salaries for working employees, full and final settlements for VRS-2 and VRS-3 beneficiaries, and family and widow pensions remain unresolved.
The collective highlighted the plant's savings of ₹55 crore monthly on wages, a reserve fund exceeding ₹900 crore, and a liquid cash balance of ₹195 crore. Despite these substantial financial resources, the groups are demanding immediate resolution of these outstanding commitments. They argue that there is no technical or financial basis for delaying these payouts, especially considering the plant's operational capacity and the available reserves.
Retired employees and dependents of deceased workers have also joined the call, urging the Central government to intervene and expedite the settlement process.
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