 "Photo courtesy: www.nmdc.co.in")
Top iron ore miner NMDC is looking to sell a stake of at least 49 per cent in its Chhattisgarh steel plant, as it prepares to begin production at the 3 million tonnes (mt) facility in three to six months, according to a company official.
The state-run miner is seeking a partner for its first steel venture, which has been eight years in development, to infuse working capital and provide steel-making expertise, the official said Monday, declining to be named in line with company policy. NMDC has appointed an advisor to help find an investor, the official said.
The state-run miner is seeking a partner for its first steel venture, which has been eight years in development, to infuse working capital and provide steel-making expertise, the official said Monday, declining to be named in line with company policy. NMDC has appointed an advisor to help find an investor, the official said.
