Strategic Disinvestment of Neelanchal Ispat Nigam Limited
Strategic Disinvestment of Neelanchal Ispat Nigam Limited
Neelachal Ispat Nigam Ltd. (NINL) is a 1.1 million tonne integrated steel plant located at Kalinga Nagar Industrial Complex, District Jaipur, Odisha, India. It was promoted as a Joint Venture of Central Public Sector Enterprises viz., MMTC Ltd., National Mineral Development Corporation Ltd., MECON, BHEL, and Public Sector Enterprises of Odisha State viz., Industrial Promotion Investment Corporation Ltd. and Odisha Mining Corporation.
Pursuant to the Cabinet decision for strategic disinvestment of NINL, the Department of Investment and Public Asset Management (DIPAM) issued the Preliminary Information Memorandum (PIM) covering a global invitation for Expression of Interest (EOI) on 25.01.2021. The PIM/EOI is available on the following websites:
- DIPAM: www.dipam.gov.in
- Ministry of Commerce and Industry: www.commerce.gov.in
- NINL: www.ninl.in
- MMTC: www.mmtclimited.com
- Transaction Adviser (M/s. SBICAPS): www.sbicap.com
Last date of submission of EOI: 29th March, 2021
The salient features are also enclosed below: