app_logo

News

Press Releases

Global Invitation for Expression of Interest (EOI) for strategic disinvestment of Neelachal Ispat Nigam Limited

Posted on: March 10, 2021 | | Back | Print

Embassy of India
Manila

Press Release

Embassy of India, Manila is pleased to announce that the Department of Investment and Public Asset Management (DIPAM) has he Preliminary Information Memorandum (PIM) covering Global Invitation for Expression of Interest (EOI) for strategic disinvestment of Neelachal Ispat Nigam Limited, 1.1 Million tones per year (MTPA) Integrated Steel Plant (ISP) located at Kalinga Nagar Industrial Complex in the Jajpur District of Odisha.

The PIM/EOI is available at the website of DIPAM (www.dipam.gov.in), Ministry of Commerce and Industry (www.commerce.gov.in), NINL (www.ninl.in), MMTC (www.mmtclimited.com) and Transaction Adviser, M/s SBICAPS (www.sbicap.com). Last date of submission is 29 March 2021.

NINL is one of the best located Plant with a possession of 2500 acres of unencumbered land on lease from Government of Odisha (IDCO) from March,1997 for a period of 90 years. NINL is located in district Jajpur about 100 km from Bhubaneswar. It has proximity to Iron Ore Mines, Sea Port, Railway Network and Express Highway. It is located at a distance of:
3 Km from Paradeep Daitari Expressway
15 Km from Jajpur Railway Station
30 Km from existing Iron Ore Mines at Daitari of Odisha Mining Corporation
45 Km from National Highway
120 Km from Paradeep Sea Port

Detail of Neelachal Ispat Nigam Limited can be seen at https://ninl.in/web

March 10, 2021