NMDC has received CCEA approval for strategic disinvestment of its Nagarnar Steel Plant. The Government of India, Ministry of Steel has communicated the ‘in-principle’ decision of the Cabinet Committee on Economic Affairs (CCEA) of Government of India to consider strategic disinvestment of the Nagarnar Steel Plant of NMDC.
NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.