Bhubaneswar: Chief Minister Naveen Patnaik on Tuesday urged the Centre to instruct Metals and Minerals Trading Corporation (MMTC) to provide additional equity support for the survival of Neelachal Ispat Nigam Limited (NINL). In a letter to the Union Minister of State for Commerce and Industry Nirmala Sitharaman, Patnaik said, “I request you to instruct MMTC […]
Bhubaneswar: Odisha-based Neelachal Ispat Nigam Limited (NINL) has got the Stage-I Forest clearance for its captive mines from the Forest Advisory Committee of the Ministry of Environment & Forest (MoEF), official sources said. NINL’s captive iron ore mines are situated at Koira in the districts of Sundergarh and Keonjhar, Odisha. Earlier, the mining lease of […]
Bhubaneswar: Joint venture integrated steel company Neelachal Ispat Nigam Limited (NINL) today said that it despatched 91922 ton of pig iron in last month which is the highest March monthly despatch of the company. This is also third highest monthly despatch since inception of the company in 2002, a company statement said. The highest monthly despatch […]
Bhubaneswar: National Aluminium Company Limited (Nalco) and Neelachal Ispat Nigam Limited (NINL) have signed an MoU to set up a joint venture company for producing coal tar pitch in Odisha. “The agreement is part of the new business plan of Nalco to ensure backward integration and sustain the plans for forward integration,” said Nalco CMD […]
Bhubaneswar: Former Union minister Srikant Jena on Sunday alleged that the decision to disinvest Neelachal Ispat Nigam Limited (NINL) was part of a “conspiracy” by the Centre and the Odisha government to hand it over to some industrialists. He said any move to privatise the company would be opposed tooth and nail and was against […]
New Delhi: Centre has received multiple Expressions of Interest (EoI) for the privatisation of Neelachal Ispat Nigam Ltd (NINL). In a tweet on Monday, Secretary for the Department of Investment and Public Asset Management (DIPAM) Tuhin Kanta Pandey said that the transaction has moved to the second stage as per schedule. “Multiple expressions of interest […]
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