The strategic sale of Neelanchal Ispat Nigam Limited (NINL), put up for divestment in Jan’21 by the Union Cabinet, has now moved into the concluding stage after receiving final bids from the prospective buyers. A lucrative asset, the integrated steel plant at Jajpur in Odisha has an installed capacity of 1.1 mn t/year with a captive power plant and iron ore mine.
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