NINL

The strategic disinvestment of government-backed Neelachal Ispat Nigam Limited (NINL) has been completed with  Tata Steel Long products Limited acquiring the company for Rs 12,100 crore, the Centre announced on Monday. Tata Steel arm – Tata…

Image Source : FILE PHOTO/PTI Operations at the 1.1 million tonne integrated NINL plant at Kalinganagar, where Tata Steel has a steel plant, are suspended at present. NINL acquisition news: Tata Steel will complete the acquisition of…

MUMBAI: Tata Steel will take control of Neelachal Ispat Nigam (NINL) after bidding Rs 12,100 crore, including equity and debt, the government said on Monday. The unit of Tata Sons plans to make Neelachal's Odisha facility, currently…

Finance Minister Nirmala Sitharaman presents her fourth Budget in Lok Sabha on Tuesday. Following are the highlights of the speech:   Fiscal deficit at 6.9 per cent of GDP in 2021-22, 6.4 per cent in 2022-23. Total expenditure in FY23…

The department of investment and public asset management is racing against time to launch the LIC IPO, which could become the largest-ever listing on the Indian bourses. This would lead to some delay in the strategic divestment of IDBI…

New Delhi: The government has received financial bids for privatisation of Neelachal Ispat Nigam Ltd (NINL), DIPAM Secretary Tuhin Kanta Pandey said on Thursday. "Financial bids received for strategic disinvestment of Neelachal Ispat Nigam…