The government is expected to invite preliminary bids for
the strategic sale of
NSE 0.25 %'s Nagarnar Steel Plant by March-end, reported PTI citing an
official.
NMDC's under-construction steel plant located in Chhattisgarh is likely to begin operations this month.
Once the demerger process is completed, the privatisation process of Nagarnar Steel Plant will be undertaken by the Department of
Investment and Public Asset Management (DIPAM).
"The demerger of NMDC and Nagarnar Steel
Plant (NSP) is in the final stages, and the plant is expected to
commence operation this month. We will proceed with appointing merchant bankers
thereafter," PTI quoted an official as saying.