NINL ownership handed over to Tata group-owned TSLP - Economic Times

Tata Steel Long Products (TSLP) had in January emerged as the winning bidder, putting in bids worth Rs 12,100 crore for loss-making NINL, which is a joint venture of 4 CPSEs -- MMTC, NMDC, BHEL, MECON -- and 2 Odisha government PSUs -- OMC and IPICOL.

The privatisation of Neelachal Nigam Ltd (NINL) was completed on Monday, with its handover to Tata group firm TSLP, the Finance Ministry said. NINL is the second successful privatisation by the curre… [+2328 chars]

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