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GOVT SET TO INVITE FINANCIAL BIDS FOR PRIVATIZING NMDC STEEL
The Business Guardian
|June 18, 2023
NSL is expected to have a production capacity of 3 million tonnes per annum
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The government is likely to invite financial bids for privatising NMDC Steel only after the commissioning of the blast furnace at the company’s steel plant in Chhattisgarh, according to officials.
Officials expect the value of the company to go up once the blast furnace of the steel plant becomes operational. NSL is expected to have a production capacity of 3 million tonnes per annum.
The government holds a 60.79 per cent stake in NMDC Steel Ltd (NSL) after it got demerged from NMDC, which is India’s largest iron ore producer.
The facility is located in Nagarnar, Chhattisgarh. The remaining 39.21 per cent stake is with the public.
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