 "stake sale, shares, investors, investment")
The Cabinet Committee on Economic Affairs on Wednesday approved the strategic sale of Neelachal Ispat Nigam (NINL), in which multiple state-owned companies own a stake.
It is learnt that this strategic sale could be completed only after March 31, and hence, will be part of the 2020-21 divestment pipeline.
NINL is a joint venture company, in which four central public sector undertakings — MMTC, National Mineral Development Corporation (NMDC), Bharat Heavy Electricals (BHEL), and MECON — and two Odisha government companies, Industrial Promotion & Investment Corporation of Odisha (IPICOL) and Odisha Mining Corporation (OMC), hold stake.
MMTC holds 49.78 per
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