WHY IN THE NEWS?

• Atul Bhatt has been appointed as chairman and managing director (CMD) of disinvestment-owned steel company Rashtriya Ispat Nigam Ltd (RINL).
• He was the CMD of state-owned consultancy firm MECON, which offers a full range of services required to set up a project from concept to commissioning including turnkey execution.
• PK Rath retired as CMD RINL on May 31, after serving the company for 38 years. RINL is a special steel-making player based in Visakhapatnam, Andhra Pradesh. The company, without any captive iron ore mines, owns and operates a 7.3-million tonne (MT) steel plant in the state