05
Jul
11:10
SEFI recommends mega-PSU merger with SAIL: reports
The Steel Executives Federation of India (SEFI) has recommended the Ministry of Steel to merge three state-owned steelmakers, Rashtriya Ispat Nigam Limited (RINL), Ferro Scrap Nigam Limited (FSNL), and NMDC’s Nagarnar steel plant, with Steel Authority of India Limited (SAIL), according to an Economic Times report.
This merger aims to combine each state-owned company’s expertise to create a mega public sector undertaking (PSU).
Neither SEFI, the …
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Very good overview of the weekly steel market.
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