Stakeholders and employee collectives of Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant, have flagged pending financial dues and delays in welfare settlements, despite the enterprise posting a turnover of ₹36,363 crore in the last two years.

Citing the plant’s internal savings, employee groups appealed to the Prime Minister’s Office on X on Wednesday (August 5, 2026).

In a representation shared on social media, employee and retired employees’ forums, led by collectives such as VizagSteelFamily, questioned why financial commitments remained pending despite healthy operational cash flows. The collective said the plant saves about ₹55 crore a month on wage-related expenditure, maintains an emergency reserve fund of over ₹900 crore, and holds a liquid cash balance of ₹195 crore.

Despite these reserves, several employee welfare categories have faced long delays. The representation says the salaries of regular working employees, full and final settlements for beneficiaries under the VRS-2 and VRS-3 schemes, and family and widow pensions remain unresolved.

Employee associations said that given the plant’s operational capacity and reserve balances, there was no technical or financial justification for deferring these disbursements. Retired personnel and the dependents of dead employees have joined the demand, asking the Centre to direct the management to clear all pending settlements without further delay.

Published - August 05, 2026 04:21 pm IST