The Indian government’s plans for the strategic disinvestment in iron-ore miner NMDC Limited will hinge on a final decision on the proposed merger with steel producer Rashtriya Ispat Nigam Limited (RINL).
According to a senior government official, there were two proposals before the government relating to these government-owned and managed companies.
In the first; NMDC was being pushed to divest a majority equity holding in its proposed steel mill currently under construction at Nagarnar, in the central Indian province of Chhattisgarh.
