Ninl

Govt made Rs 31,106 cr in FY23 through disinvestment, reports DIPAM

The sale of 3.5 per cent of its stake in the LIC through an IPO brought the govt Rs 20,516.12 crore as receipts

Tata Steel Q2 net profit down 87.3% to Rs 1,514 cr over decline in margins

Revenues from operations at Rs 59,877.52 crore was marginally down from Rs 60,387.13 crore in the year-ago period

LIC taking steps to transform corporate governance: DIPAM Secretary

Some of these steps include improving LIC's 13th month and 25th persistency ratio, which is less than its peers

Tata Steel completes Rs 12,100 cr acquisition of NINL via step-down arm

Apart from a 1.1 mt plant, Neelachal Ispat Nigam has iron ore mines with reserves of 90 million tonnes and 2,500 acres of land providing scope for future expansion

Tata Steel to work 'expeditiously' to restart NINL, expand capacity

Tata Steel on Monday said it will work "expeditiously" to restart NINL and simultaneously draw a plan to expand its capacity to produce 4.5 MTPA long products complex in the next few years.

Tata steel to grow organically, new acquisitions unlikely this decade: MD

Narendran said that the Jamshedpur-based behemoth will fuel its growth ambitions to more than double its output, relying on organic growth at its existing sites

Neelachal Ispat JV partners in share-purchase pact with Tata Steel arm

NINL is a joint venture of MMTC, NMDC, BHEL, MECON and 2 Odisha government PSUs - OMC and IPICOL

Jindal Steel & Power keen on RINL, NMDC's Nagarnar iron and steel plant

The two assets are bigger than the 1.1 mt NINL and would bolster steelmaking capacity for any buyer.

Top headlines: LIC IPO, BSE500 headline P/E falls, Tata Steel's NINL bid

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Don't need to look for assets after NINL buy: Tata Steel's TV Narendran

In a Q&A Tata Steel CEO and MD T V Narendran talks about what the acquisition means for the company's growth ambitions as also the near-term outlook

Tata Steel arm to buy govt stake in Neelachal Ispat for Rs 12,100 crore

This is the first time a public sector steel manufacturing company has been privatised in India

Centre to relax lock-in period for sale of NINL assets to one year

The condition for the sale would be subject to the sale proceeds being utilised for the company within three years

Top headlines: Small firms on I-T radar, race for steel supremacy, and more

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Centre's disinvestment plan: A stress test for zombie steel plants

The disinvestment of loss-making plants may likely attract interest from secondary steel makers rather than the big players

Govt tweaks rules for potential bidders of NINL

The interested bidders can apply to seek approval for the change to the transaction adviser within 60 days, DIPAM said

Tata Steel, JSW, Adani likely to bid for Neelachal Ispat's Odisha plant

Plans are afoot to ramp-up the NINL steel plant's nameplate capacity to 10 million tonnes per annum (mtpa) from the current 1.1 mtpa

Cabinet approves strategic sale of Neelachal Ispat; auction likely in FY21

It is learnt that this strategic sale could be completed only after March 31, and hence, will be part of the 2020-21 divestment pipeline

Top headlines: Govt okays sale of NINL, NITI backs private trains, and more

From govt's nod for sale of equity shares of 6 PSUs in NINL to telcos seeking open court hearing in SC on AGR review pleas, read all the top headlines here

Odisha govt looks to sell minority stake in loss-making Neelachal Ispat

NINL has had a chequered history of merger plans and hostile takeover bids by bigger public sector firms

Public sector steel producer NINL to supply steel billets to PGCIL

PGCIL will use the MS channels and angles produced from NINL steel billets for electrical transmission towers across the country