Centre gets financial bids for privatisation of NINL: DIPAM Secretary
Zee News
The Central government has received financial bids for privatisation of Neelachal Ispat Nigam Ltd.
New Delhi: The government has received financial bids for privatisation of Neelachal Ispat Nigam Ltd (NINL), DIPAM Secretary Tuhin Kanta Pandey said on Thursday. "Financial bids received for strategic disinvestment of Neelachal Ispat Nigam Limited. Process now moves to concluding stage," Pandey said.
The Department of Investment and Public Asset Management (DIPAM) had in January this year invited preliminary bids for strategic sale of NINL. The last date for bid submission was March 29. Following that, multiple expressions of interest from bidders were received.
Steel majors Tata Steel, JSW Steel, JSPL and infrastructure company MEIL have submitted bids for state-owned NINL, according to sources.
