NINL privatization complete; handed over to TATA

By IndianMandarins- 05 Jul 2022


New Delhi (05.07.2022): The government has confirmed the completion of the privatization process of Neelachal Ispat Nigam Ltd (NINL) after it was handed over to Tata Steel Long Products (TSLP).  TSLP had emerged as the winning bidder in January 2022 by putting in bids worth Rs 12,100 Crore for loss-making NINL which is a joint venture of MMTC, NMDC, BHEL, MECON and two Odisha government PSUs.

Rs 1200 crore have been utilized for settlement of dues of employees, operational creditors etc.

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