NMDC divestment hinges on merger proposal with steelmaker RINL

The Indian government’s plans for the strategic disinvestment in iron-ore miner NMDC will, most likely, hinge on a final decision on the proposed merger of NMDC with steel producer Rashtriya Ispat Nigam Limited (RINL). According to a senior government official, there are two proposals before the government relating to these government-owned and -managed companies.