You are here: Home > Steel News > Latest Steel News > India...

India may scrap plans for privatization of NMDC Limited’s steel mill

Monday, 23 October 2023 10:20:46 (GMT+3)   |   Kolkata
       

The Indian government is indicating that it will not push ahead with the privatization of the 3 million mt per year capacity greenfield steel mill set up by state-run miner NMDC Limited, government sources said on Monday, October 23.

The sources said that the steel mill, which is in the process of starting commercial production in the central state of Chhattisgarh under NMDC Steel Limited, an arm of NMDC Limited, would not be privatized, in keeping with the sustained demand from the Chhattisgarh government to maintain the current ownership structure of the mill.

The sources cited a statement by India’s home affairs minister Amit Shah who, while addressing a political rally in the state on behalf of his political party, said that the steel mill would not be privatized.

A state-level election in Chhattisgarh is scheduled later this year and the issue of the privatization of the steel mill is a major political issue between the various parties in the electoral fray.


Similar articles

India’s Ministry of Steel likely to invite bids for privatization of NMDC Steel

30 Aug | Steel News

India’s NMDC Steel achieves 1 million mt HRC output in less than a year of commissioning

27 Aug | Steel News

India’s NMDC Steel achieves one million mt of crude steel output within one year of firing BF

16 Aug | Steel News

India’s steel ministry likely to revisit option of mega merger of government mills after elections

28 Mar | Steel News

India’s NMDC Steel to achieve breakeven in mid-FY 2024-25

28 Feb | Steel News

India’s RINL and NMDC ink long-term iron ore supply contract

27 Dec | Steel News

India’s NMDC Steel expects output of 1 million mt from greenfield mill in FY 2023-24

28 Nov | Steel News

RINL’s forged steel wheels unit likely to be transferred to SAIL

26 Oct | Steel News

India’s NMDC resumes iron ore supplies to RINL

11 Oct | Steel News

India’s NMDC Steel Limited produces first HRC nine days after starting blast furnace

25 Aug | Steel News