Tata Steels

Approves Tata Steel’s Bid to Acquire 93.71% Equity in NINL

Approves Tata Steel’s Bid to Acquire 93.71% Equity in NINL

The Government on Monday has approved the highest bid of Tata Steel Long Products Limited for acquiring 93.71% equity in Neelachal Ispat Nigam Ltd (NINL), a joint venture of 4 CPSEs ─ MMTC, NMDC, BHEL, MECON, and 2 Odisha Government-owned companies ─ OMC and IPICOL.  This is a combined decision of three Ministers ─ Transport…