Global invitation for Expression of Interest for proposed strategic disinvestment of Neelachal Ispat Nigam Ltd

Please find information on the Global invitation for Expression of Interest for proposed strategic disinvestment of Neelachal Ispat Nigam Ltd.

Neelachal Ispat Nigam Limited was incorporated in 1982 to set-up an Integrated Steel Plant (ISP) to undertake manufacturing and sale of steel products. The major shareholders of NINL include MMTC, IPICOL, NMDC Ltd & The Orissa Mining Company Ltd (OMC). The Cabinet Committee on Economic Affairs on 8th Jan 2020 has given ‘in principle’ approval for strategic disinvestment of equity shareholding.  Neelachal Ispat Nigam Limited’s manufacturing unit is located at Kalinganagar Industrial Complex, Duburi, Odisha. The Company has built its manufacturing facility in two phases (Phase I & Phase II). 

On  8th Jan 2020 the Government of India has given ‘in principle’ approval for strategic disinvestment of equity shareholding of the Indian firm Neelachal Ispat Nigam Limited (NINL) to a strategic buyer, identified through a two-stage auction procedure. The last date of submission is the Expression of Interest is 29 March 2021.

 

For more information request to kindly refer to the attached document (NINL information) or kindly visit the website  https://ninl.in/web/Tenders/Expression-of-Interest . 

Information on the Expression of Interest is also available in the below mentioned websites: – 

www.dipam.gov.in

www.commerce.gov.in

www.mmtclimited.com

www.sbicap.com 

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