29
Jan
13:13
India seeks buyer for NINL
The Indian government has agreed to divest wholly state-owned steelmaker Neelachal Ispat Nigam (NINL) through a two-stage auction procedure to a strategic buyer. According to Indian press reports, two major domestic steelmakers are eyeing bids for the firm.
NINL’s shareholders are made up of Minerals & Metals Trading Corporation Limited (MMTC), which holds 49.78%, and National Mineral Development Corporation (NMDC), which has 10.10%. Moreover, MECON…
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Anonymous
Very good overview of the weekly steel market.
Anonymous