- The deal of Rs 12,100 crore was approved for the same.
- The NINL is a joint venture of MMTC, NMDC, BHEL, MECON, and two Odisha Government PSUs, namely OMC and IPICOL (Industrial Promotion and Investment Corporation of Odisha Limited).
- For the sale, three companies namely Consortium of Jindal Steel & Power Limited and Nalwa Steel and Power Ltd, JSW Steel Limited, and Tata Steel Long Products Limited (TSLP) had raised a bid to buy NINL.
- Among these, TSLP emerged to have the highest bid and so the NINL was sold to TSLP.
- Static Part:
- HQ of TSLP: Odisha
Question:
Q.1 To which company was Neelachal Ispat Nigam Ltd (NINL) sold with the highest bid value of Rs 12,100 crore?
a. Consortium of Jindal Steel & Power Limited and Nalwa Steel and Power Ltd
b. JSW Steel Limited
c. Tata Steel Long Products Limited (TSLP)
d. Essar Steel India Ltd
a. Consortium of Jindal Steel & Power Limited and Nalwa Steel and Power Ltd
b. JSW Steel Limited
c. Tata Steel Long Products Limited (TSLP)
d. Essar Steel India Ltd