After acquiring Bhushan Power, JSW Steel eyes Neelachal Ispat

After completing the acquisition of Bhushan Power & Steel under the insolvency law, Sajjan Jindal-controlled JSW Steel, has thrown its hat in the ring for Neelachal Ispat Nigam Ltd (NINL). 

Sources said that the company has submitted an expression of interest (EOI) for NINL. The due date for EOI submission is March 29. A senior JSW Steel official declined to comment. 

NINL is jointly owned by Central and state PSUs with MMTC, IPICOL, NMDC, OMC, as major shareholders. The government had invited EOI for disinvestment of 93.71 per cent stake in NINL to a strategic buyer, to be identified through