On the heels of Karnataka
clearing the ArcelorMittal and Posco projects worth Rs 62,300
crore in a very short while, the NMDC is
planning to appoint a consultant by the month-end to speed up
its project in the state.
Taking the disinvestment process
in iron ore producer NMDC forward, the government today
invited applications for appointment of lead managers to
advise it on the timing of the public issue, among other
Steel Minister Virbhadra Singh
on Wednesday said that the government has given the nod for divesting an additional 8.38 per cent stake in iron ore producer NMDC, a move which may fetch the exchequer over Rs 13,500 crore.