(a) the fate of the Neelanchal Ispat Ltd. in Orissa;
(b) the number of its share holders;
(c) whether the Government in considering for its privatization; and
(d) if so, the details thereof and the reasons therefor?
(a) the fate of the Neelanchal Ispat Ltd. in Orissa;
(b) the number of its share holders;
(c) whether the Government in considering for its privatization; and
(d) if so, the details thereof and the reasons therefor?
MINISTER OF CHEMICALS AND FERTILIZERS AND MINISTER OF STEEL (SHRI RAM VILAS PASWAN)
(a) Phase I of the Neelanchal Ispat Nigam Limited(NINL)’s project involving setting up of facilities for production of pig iron has been completed and action for completion of final phase of the project has been initiated. NINL since the commencement of production in February 2002 has produced 7.92 lakh metric tonnes of pig iron till March 2004 out of which 3.44 lakh metric tonnes has been exported and 4.21 lakh metric tonnes sold in domestic market.
(b) There are four major shareholders of NINL namely MMTC Limited, IPICOL, MECON, SMS Demag and G.A. Danili.
(c)&(d): To finance the cost of the project, the promoters of NINL are considering induction of strategic partners into the project for financing the Phase II of the project..