"We are seeking to take 20 per cent stake in the mining SPV," RINL CMD P Madhusudan said at a MCC Chamber of Commerce and Industry event.
Two SPVs are proposed to be created for the ultra-mega steel plant to be set up in Odisha out of which one will be for mining and another for the steel plant.
Initially, Odisha Mining Corporation and NMDC Ltd were supposed to be partners for the mining SPV.
The MoU was under active consideration from all the stakeholders, he added.
Meanwhile, RINL will also be taking up stake in the steel SPV along with Industrial Development Corporation Orissa Ltd.
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