Government has approved strategic buyer for Neelachal Ispat Nigam
Limited located in Odisha. Secretary, Department of Investment and
Public Asset Management, Tuhin Kanta Pandey has said that the highest
bid of 12,100 crore rupees by Tata Steel Long Products Limited is
accepted. Finance Ministry said, this is the first instance of
privatization of a public sector steel manufacturing enterprise in
India. The success of the transaction is a win-win situation for all.
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(With input from news agency language)
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