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The Indian government has received financial bids for the privatization of state-owned steel producer Neelachal Ispat Nigam Limited (NINL), and the process has entered the final stage.
It was understood that some world’s largest steel companies, including Tata Steel, JSW Steel, Jindal Steel and Power Limited (JSPL), and Megha Engineering and Infrastructure Ltd (MEIL), have submitted financial bids.
The last date for submitting financial bids is December 24, and the privatization was expected to be completed by the end of January.
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