Tata Steel, JSW, Adani likely to bid for Neelachal Ispat's Odisha plant

Plans are afoot to ramp-up the NINL steel plant's nameplate capacity to 10 million tonnes per annum (mtpa) from the current 1.1 mtpa

Tata Steel, JSW Steel, and Adani Group are likely to bid for Neelachal Ispat Nigam’s (NINL’s) one-million tonne (mt) steel plant in Odisha’s Kalinganagar industrial complex.

Earlier this month, the Cabinet Committee on Economic Affairs gave the go-ahead for strategic disinvestment of 100 per cent equity shares in NINL, jointly owned by MMTC, two Odisha government-controlled public sector undertakings (PSUs), and a clutch of central public sector enterprises — NMDC, Bharat Heavy Electricals, Mecon (formerly known as Metallurgical & Engineering Consultants), among others.

Plans are afoot to ramp up NINL steel plant’s nameplate capacity to 10 million tonnes per annum (mtpa), from