Jindal Steel & Power keen on RINL, NMDC's Nagarnar iron and steel plant

The two assets are bigger than the 1.1 mt NINL and would bolster steelmaking capacity for any buyer.

Having lost out in the race for Neelachal Ispat Nigam Ltd (NINL) – an asset owned by central and state public sector undertakings (PSUs) – Naveen Jindal-owned Jindal Steel & Power (JSPL) has eyes set on state-run Rashtriya Ispat Nigam Ltd and NMDC Iron and Steel Plant (Nagarnar).

End-January, Tata Steel pipped a consortium of JSPL and Nalwa Steel and Power and also, Sajjan Jindal’s JSW Steel for the 1.1 million tonne NINL in a Rs 12,100-crore bid. But JSPL is now looking at other growth options. In the acquisition space, it is keen on bidding for RINL and NISP,