AM/NS India, JSW Steel, Hyderabad-based Megha Engineering and Infrastructure Ltd (MEIL) and Tata Steel have been shortlisted as the would-be buyers of state-run Neelachal lspat Nigam Ltd (NINL), as part of the government’s disinvestment programme, latest media reports indicate.
- The shortlisting happened after submissions of expressions of interest (EoIs) and the companies are now participating in the request for proposal (RFP).
- The draft share transfer agreement has been issued and site visits have been scheduled after which financial bids will be submitted.
- Located in Odisha’s Kalinganagar Industrial Complex, NINL has a blast furnace with over 1 mn t of pig iron ore capacity and a captive iron ore mine with reserves of over 90 mn t.
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