NMDC Informs Steel Ministry About NMDC Disinvestment Rumours

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(PTI)

NMDC has informed the steel ministry about the confusion being created that the state-owned miner is being disinvested, a government official said. Some people for their vested interest are spreading rumours on social media and in general public that NMDC is being disinvested, which has created an atmosphere of confusion, its Chairman N Brijendra Kumar said last Friday.

He also clarified that NMDC itself is just a stakeholder in Neelachal Ispat Nigam Ltd (NINL) Last week, the government gave in-principle approval for strategic sale of NINL by allowing PSU shareholders to sell their stake in the steel company.NMDC has apprised the steel ministry that confusion is being created and rumours are being spread over the issue, the official said, while assuring action against those who are misleading the public.

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