15
Dec
15:07
JSPL eyes acquisition of state-run NINL
Jindal Steel and Power (JSPL) aims to acquire Neelanchal Ispat Nigam (NINL), a state-run 1.1 million tonnes/year capacity integrated steel plant, a company source informs Kallanish. The government is expected to invite bids for the strategic disinvestment of NINL on 23 December.
“We are very serious about this asset,” JSPL managing director VR Sharma told the Economic Times. “For us, the chances are also better … though the highest bidder …
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Very good overview of the weekly steel market.
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