15
Oct
11:42
India government approves prospective Chhattisgarh steelworks divestment
The Indian government has given its “in-principle” approval to the demerger of Nagarnar Steel Plant (NSP) from NMDC and divestment of the entire government stake in the prospective steelworks.
The 3 million tonnes/year capacity Chhattisgarh steelworks is now due for commissioning in July 2021 after being delayed due to the Covid-19 pandemic impact (see Kallanish passim). NMDC’s board agreed in principle to demerge NSP at the beginning of Sep…
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