{"id":10994,"date":"2021-12-23T20:59:57","date_gmt":"2021-12-23T15:29:57","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-ninl\/"},"modified":"2021-12-24T09:55:44","modified_gmt":"2021-12-24T04:25:44","slug":"biz-ninl","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-ninl\/","title":{"rendered":"Govt gets financial bids for NINL privatisation"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1750508707\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Dec 23 (PTI) The government has received financial bids for privatisation of Neelachal Ispat Nigam Ltd (NINL), DIPAM Secretary Tuhin Kanta Pandey said on Thursday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1769067489\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> &#8220;Financial bids received for strategic disinvestment of Neelachal Ispat Nigam Limited. Process now moves to concluding stage,&#8221; Pandey tweeted.<\/p>\n<p> The Department of Investment and Public Asset Management (DIPAM) had in January this year invited preliminary bids for strategic sale of\u00a0NINL. The last date for bid submission was March 29. Following that, multiple expressions of interest from bidders were received.<\/p>\n<p> Steel majors Tata Steel, JSW Steel, JSPL and infrastructure company MEIL have submitted bids for state-owned NINL, according to sources.<\/p><div class=\"trade-content_5\" id=\"trade-3990982460\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> They said DIPAM will evaluate the offers and is expected to announce the results by January-end.<\/p>\n<p> &#8220;Companies like Tata Steel, JSW Steel, JSPL and MEIL today participated in the bidding process of NINL. They have submitted their bids to DIPAM with their offer price,&#8221; a source said.<\/p>\n<p> December 23 was the date to bid for NINL.<\/p>\n<p> While JSW Steel and JSPL declined to comment on participation in the bidding, a query sent to Tata Steel and Hyderabad-based Megha Engineering and Infrastructures Ltd (MEIL) remained unanswered.<\/p>\n<p> NINL\u00a0is a joint venture of MMTC, NMDC, BHEL, MECON and 2 Odisha Government PSUs \u2014 OMC and IPICOL.<\/p>\n<p> In January last year, the Cabinet had approved strategic disinvestment of equity shareholding of MMTC (49.78 per cent), NMDC (10.10 per cent), MECON (0.68 per cent), BHEL (0.68 per cent), IPICOL (12.00 per cent) and OMC (20.47 per cent) in\u00a0NINL.<\/p><div class=\"trade-content-10\" id=\"trade-915746459\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> For 2021-22, the government has set a disinvestment target of Rs 1.75 lakh crore.<\/p>\n<p> So far this fiscal year, the government has netted Rs 9,330 crore through minority stake sale in CPSEs. PTI JD ABI ANZ  ANU ANU<\/p>\n<div class=\"trade-after-content\" id=\"trade-3644990961\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Dec 23 (PTI) The government has received financial bids for privatisation of Neelachal Ispat Nigam Ltd (NINL), DIPAM Secretary Tuhin Kanta Pandey said on Thursday. &#8220;Financial bids received for strategic disinvestment of Neelachal Ispat Nigam Limited. Process now moves to concluding stage,&#8221; Pandey tweeted. The Department of Investment and Public Asset Management (DIPAM) [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,1697,31],"tags":[],"class_list":["post-10994","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Govt gets financial bids for NINL privatisation - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-ninl\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt gets financial bids for NINL privatisation\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Dec 23 (PTI) The government has received financial bids for privatisation of Neelachal Ispat Nigam Ltd (NINL), DIPAM Secretary Tuhin Kanta Pandey said on Thursday. &#8220;Financial bids received for strategic disinvestment of Neelachal Ispat Nigam Limited. 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