Taking over of Neelachal Ispat Nigam Ltd.
The Minister of State in the Ministry of Steel, Shri A. Sai Prathap has said that Neelachal Ispat Nigam Limited (NINL) has captive iron ore mines with reserves estimated at 150 million tonnes spread over 874.29 hectares in the State of Orissa.
In a written reply in the Lok Sabha today, he said, Rashtriya Ispat Nigam Ltd.(RINL) has plans to acquire equity stake in NINL. The process of valuation of the equity shares of NINL based on due diligence has since been carried out and communicated to Minerals & Metals Trading Corporation (MMTC) for appropriate action.
The Minister of State in the Ministry of Steel, Shri A. Sai Prathap has said that Neelachal Ispat Nigam Limited (NINL) has captive iron ore mines with reserves estimated at 150 million tonnes spread over 874.29 hectares in the State of Orissa.
In a written reply in the Lok Sabha today, he said, Rashtriya Ispat Nigam Ltd.(RINL) has plans to acquire equity stake in NINL. The process of valuation of the equity shares of NINL based on due diligence has since been carried out and communicated to Minerals & Metals Trading Corporation (MMTC) for appropriate action.
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