Centre gets multiple EoIs for privatisation of NINL
The Hindu
‘Transaction is now at second stage’
The government has received multiple expressions of interest from bidders for privatisation of Neelachal Ispat Nigam Ltd. (NINL), DIPAM Secretary Tuhin Kanta Pandey said on Monday. The Department of Investment and Public Asset Management (DIPAM) had in January invited preliminary bids for the strategic sale of NINL. The last date for bid submission was March 29. “Multiple expressions of interest received for privatisation of Neelachal Ispat Nigam Ltd. (NINL),” Mr. Pandey tweeted. The transaction has now moved ahead to the second stage, the DIPAM Secretary added. NINL is a joint venture of MMTC, NMDC, BHEL, MECON and two Odisha government-owned undertakings — OMC and IPICOL.
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