Tag: NINL
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India: NINL’s Blast Furnace Off Operations as MMTC Withholds Cash Flow
Public sector steel maker Neelachal Ispat Nigam Ltd (NINL) has been finally made to bite the bullet. The steel plant co-promoted by trading company MMTC Ltd and two Odisha government controlled undertakings- Odisha Mining Corporation (OMC) and Ipicol, has gone for a shutdown of its blast furnace at its Duburi plant in Odisha’s Kalinganagar industrial…