Fri, Oct 13, 2023
NMDC shares scaled a 52-week high on Friday amid optimism about the government’s plan to privatise NMDC Steel.
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Fri, Dec 02, 2022
The government on Dec 1 invited preliminary bids for strategic sale of NMDC's Nagarnar Steel Plant. The last date for submitting bids for NMDC Steel Ltd is January 27, 2023.
NSL will have mirror shareholding to NMDC i.E. Government of India (GoI) shareholding of 60.79 per cent and public shareholding of 39.21 per cent.
Tue, Sep 20, 2022
Good response to Nagarnar Steel Plant disinvestment is possible. Bidding is possible from JSW Steel, JSPL. ArcelorMittal, Posco can also bid. Bid is expected to be received till the deal of around ₹ 19000-21000 crores.
A final observation letter has been issued by the Ministry of Corporate Affairs and a return order is likely will be issued by the last week of September, according to Zee Business reporter Tarun Sharma.
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