 "Photo courtesy: www.nmdc.co.in")
Uncertainty prevails over Chhattisgarh government’s participation in the bid to purchase Nagarnar Steel Plant (NSP) of the National Mineral Development Corporation (NMDC).
The state-run iron ore miner has set up a steel plant in Chhattisgarh’s Bastar district. The plant, with 3 million tonne per annum (mtpa) capacity, is scheduled for completion by March 2023.
The Centre has set in motion the strategic sale process of NMDC’s Integrated Steel Plant (NISP).
The Centre, on December 1, 2022, invited preliminary bids for disinvestment of the plant and offered to sell a 50.79 per cent stake in the company.
The demerger scheme was
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