The Hitvada reported that Chhattisgarh Chief Minister Mr Bhupesh Baghel said that the State Government would not let NMDC’s under construction steel plant at Nagarnar in Bastar district go into private hands. Addressing villagers during his ‘Bhent Mulakat’ program at Nangpur under Jagdalpur assembly constituency of Bastar district, Chief Minister said “The State Government would not allow the Nagarnar Steel Plant to be sold under any circumstances. Whether it is run by the Central Government or run by the Chhattisgarh Government. I have always been associated with the concerns of the local people in Nagarnar. I have staged dharna and took out ‘padyatra’ to oppose the Central Government’s decision to privatise the Nagarnar Steel Plant.”NMDC is setting up a 3 million tonne per annum capacity greenfield Integrated Steel Plant based on Hi-Smelt technology in Nagarnar, located 16 km from Jagdalpur in Chhattisgarh state with an estimated outlay of INR 21500 crore. NMDC expects to begin operations from July 2022 and start producing HRC & plates etcThe Cabinet Committee on Economic Affairs had in November 2016 given its go-ahead for NMDC to offload 51% equity in the Nagarnar steel plant in favor of a private company. The process for strategic divestment of NMDC's Nagarnar Steel plant in Chhattisgarh has kicked-off. Preliminary activities such as the appointment of Transaction Advisor, Legal Advisor and Asset Valuer have been completed and they have started collecting details. The Department of Investment and Public Asset Management has prepared strategic divestment plan NMDC Ltd is expecting to complete the demerger process by June
The Hitvada reported that Chhattisgarh Chief Minister Mr Bhupesh Baghel said that the State Government would not let NMDC’s under construction steel plant at Nagarnar in Bastar district go into private hands. Addressing villagers during his ‘Bhent Mulakat’ program at Nangpur under Jagdalpur assembly constituency of Bastar district, Chief Minister said “The State Government would not allow the Nagarnar Steel Plant to be sold under any circumstances. Whether it is run by the Central Government or run by the Chhattisgarh Government. I have always been associated with the concerns of the local people in Nagarnar. I have staged dharna and took out ‘padyatra’ to oppose the Central Government’s decision to privatise the Nagarnar Steel Plant.”NMDC is setting up a 3 million tonne per annum capacity greenfield Integrated Steel Plant based on Hi-Smelt technology in Nagarnar, located 16 km from Jagdalpur in Chhattisgarh state with an estimated outlay of INR 21500 crore. NMDC expects to begin operations from July 2022 and start producing HRC & plates etcThe Cabinet Committee on Economic Affairs had in November 2016 given its go-ahead for NMDC to offload 51% equity in the Nagarnar steel plant in favor of a private company. The process for strategic divestment of NMDC's Nagarnar Steel plant in Chhattisgarh has kicked-off. Preliminary activities such as the appointment of Transaction Advisor, Legal Advisor and Asset Valuer have been completed and they have started collecting details. The Department of Investment and Public Asset Management has prepared strategic divestment plan NMDC Ltd is expecting to complete the demerger process by June
