The demerger process of NMDC's Nagarnar Steel Plant (NSP) in Chhattisgarh into a separate entity is expected to be completed by August-September of this year. NSP is a 3 million tonne per annum (mtpa) integrated steel plant being set up by country's largest iron ore miner NMDC at Nagarnar in Chhattisgarh over an area of 1,980 acres at a revised estimated cost of Rs 23,140 crore. The demerger is in process and it is expected to be completed by August-September 2021.
Several regulatory approvals including that of Sebi are required to complete the (demerger) process. It also goes to the Ministry of Corporate Affairs for clearances.
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.
