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NINL SALE
Budget 2024: Sitharaman cuts FY24 divestment target to Rs 30,000 cr, FY25 target at Rs 50,000 crBUDGET ANNOUNCEMENT: Finance Minister Nirmala Sitharaman has revised divestment target for FY24 and set a new one for FY25. Government is l...- Disinvestment fetches over Rs 4.20 lakh cr in 10 years but target to be missed again in FY24Big ticket privatisation plans such as that of Bharat Petroleum Corporation Ltd (BPCL), Shipping Corporation of India (SCI) and CONCOR are ...
- Tata Steel Q3 preview: PAT to drop more than half, revenue seen falling on lower HRC pricesSome of the key monitorables include the management guidance on Tata Steel Europe and NINL operations, guidance on transition to green stee...
- Tata Steel to work 'expeditiously' to restart NINL, expand capacity to 10 MT by 2030Tata Steel will leverage its capability in the long products business using its strong brand equity, particularly in the retail constructio...
- NINL ownership handed over to Tata group-owned TSLPTata Steel Long Products (TSLP) had in January emerged as the winning bidder, putting in bids worth Rs 12,100 crore for loss-making NINL, w...
- Tata Steel to become an intellectual property intensive, non-cyclical materials maker: N ChandrasekaranThe steelmaker has already developed a graphene production capacity of 100 tonnes per annum and was investing in production of medical mate...
- MMTC rises 4% as firm executes stake sale in NINL to Tata Stee Long ProductsThe stake sale is part of the disinvestment drive of the government. In January, the government approved the sale of loss-making NINL to Ta...
- MMTC executes share-purchase pact to sell stake in NINL to Tata Steel armIn January, the government approved the sale of loss-making NINL to Tata Steel Long Products Ltd (TSLPL) for Rs 12,100 crore.
- Tata Steel Long Products acquires NINL for Rs 12,100 crNINL’s plant has been shut since March 2020. It had a negative net worth of Rs 3,487 crore and accumulated losses of Rs 4,228 crore as on M...
- Bids received for Neelachal Ispat Nigam Ltd : Dipam SecyNINL is a joint venture company of four central public sector enterprises which include MMTC, NMDC, Bharat Heavy Electricals Limited and Me...
- Tata Steel interested in acquiring Vizag-based RINL: CEO T V NarendranCEO T V Narendra further said Tata Steel has submitted Expression of Interest (EoI) for Odisha-based steel maker Neelachal Ispat Nigam Ltd ...
- Government gets multiple EoIs for privatisation of NINLThe process of privatisation of Air India, BPCL, Pawan Hans, BEML and Shipping Corp has also moved to the second stage after the government...
- Government begins strategic sale of NINL, invites EoIsThe government has set the minimum net-worth of interested parties at Rs 2,000 crore as of March 31, 2020. Any entity, limited liability pa...
- Tata Steel evinces interest in assets of Odisha-based NINLNINL is a joint venture company, in which four central PSUs -- MMTC, National Mineral Development Corporation (NMDC), Bharat Heavy Electric...
- 'Cabinet approved disinvestment of stake in NINL, not NMDC'Neelachal Ispat Nigam Ltd (NINL) is a joint venture company, in which four central PSUs -- MMTC, National Mineral Development Corporation (...
- Cabinet gives in-principle nod to strategic sale of Neelachal IspatThe strategic buyer for NINL will be identified through a two-stage auction procedure
- Neelachal Ispat to launch TMT bars soonThe MMTC and Odisha government-promoted steel public sector undertaking is the country’s largest producer of pig iron.
- Government wants CPSEs to exit loss-making state-level entitiesIt is set to review these investments as part of a restructuring exercise to ensure that these CPSEs are not saddled with unrelated venture...
- Neelachal Ispat Nigam Limited reports growth of 126% over 2017-18NINL is a joint venture between MMTC Ltd and state government PSUs.
- NINL announces commissioning of steel making facilitiesNeelachal Ispat Nigam Ltd today announced commissioning of its steel making facilities at Kalinganagar in Odisha with an investment of Rs 1...
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