Express News Service has reported that JSW Steel, Jindal Steel & Power, Essar Group and Adani Group are among the five shortlisted bidders for the strategic disinvestment of government-owned under-construction plant NMDC Steel Ltd at Nagarnar in Chhattisgarh.The government’s Department of Investment & Public Asset Management twitter had received multiple expressions of interest for the disinvestment of NMDC Steel on the last date of EoI submission, which was 27 January 22023.NMDC Steel was recently demerged from NMDC Ltd. The central government will offload 50.79% of its 60.79% shares in the Nagarnar unit that is being set up with an investment of INR 20,000 crore. The new plant with an annual capacity of 3 million tonnes per annum is likely to be commissioned by the end of current fiscal. The plant is 290 km away from the Vizag port. NMDC Steel got listed on February 20 with an opening price of `30.25 on the BSE and immediately hit the 5% upper circuit.
Express News Service has reported that JSW Steel, Jindal Steel & Power, Essar Group and Adani Group are among the five shortlisted bidders for the strategic disinvestment of government-owned under-construction plant NMDC Steel Ltd at Nagarnar in Chhattisgarh.The government’s Department of Investment & Public Asset Management twitter had received multiple expressions of interest for the disinvestment of NMDC Steel on the last date of EoI submission, which was 27 January 22023.NMDC Steel was recently demerged from NMDC Ltd. The central government will offload 50.79% of its 60.79% shares in the Nagarnar unit that is being set up with an investment of INR 20,000 crore. The new plant with an annual capacity of 3 million tonnes per annum is likely to be commissioned by the end of current fiscal. The plant is 290 km away from the Vizag port. NMDC Steel got listed on February 20 with an opening price of `30.25 on the BSE and immediately hit the 5% upper circuit.
