A- A A+
Last Updated : Mar 4 2021 10:28PM     Screen Reader Access
News Highlights
UN General Assembly adopts India's resolution to declare 2023 as International Year of Millets            Prime Minister Narendra Modi says, India is honored to be at forefront of popularizing Millets            BJP CEC meets in New Delhi in wake of upcoming Assembly Elections            External Affairs Minister, Dr. S. Jaishanker visits Dhaka, says, Bangladesh is central to India's neighborhood first Policy            India commemorates Chabahar Day, External Affairs Minister says, Chabahar port facilitated delivery of humanitarian assistance during COVID-19 pandemic           

Business News

Jan 08, 2020
8:56PM

CCEA approves strategic disinvestment of 49.78 per cent equity shareholding of MMTC

File Pic: @PIB_India
The Cabinet Committee on Economic Affairs, CCEA has given in-principle approval for the sale of equity held by four Central Public Sector Enterprises and two-state PSUs in Neelachal Ispat Nigam Limited-NINL.

It has approved strategic disinvestment of 49.78 per cent equity shareholding of Minerals and Metals Trading Corporation Limited and 10.10 per cent of National Mineral Development Corporation. 

The CCEA gave approval for strategic disinvestment of 0.68 per cent of MECON and Bharat Heavy Electricals Limited each. 12 per cent disinvestment in Industrial Promotion and Investment Corporation of Odisha Limited and 20.47 per cent in Odisha Mining Corporation in have also been approved.

NINL is a Joint Venture company, in which these six companies are shareholders.


The proposed strategic disinvestment of Neelachal Ispat Nigam Limited will unlock resources to be used to finance the social sector and developmental programmes of the Government benefiting the public. 
 

   Related News

Live Twitter Feed

Listen News

Morning News 4 (Mar) Midday News 4 (Mar) Evening News 4 (Mar) Hourly 4 (Mar) (1910hrs)
समाचार प्रभात 4 (Mar) दोपहर समाचार 4 (Mar) समाचार संध्या 4 (Mar) प्रति घंटा समाचार 4 (Mar) (2200hrs)
Khabarnama (Mor) 4 (Mar) Khabrein(Day) 4 (Mar) Khabrein(Eve) 3 (Mar)
Aaj Savere 4 (Mar) Parikrama 4 (Mar)

Listen Programs

Market Mantra 4 (Mar) Samayki 1 (Jan) Sports Scan 4 (Mar) Spotlight/News Analysis 4 (Mar) Employment News 4 (Mar) रोजगार समाचार 4 (Mar) World News 3 (Mar) Samachar Darshan 22 (Mar) Radio Newsreel 21 (Mar)
    Public Speak

    Country wide 12 (Mar) Surkhiyon Mein 4 (Mar) Charcha Ka Vishai Ha 11 (Mar) Vaad-Samvaad 17 (Mar) Money Talk 17 (Mar) Current Affairs 6 (Mar) Sanskrit Saptahiki 27 (Feb) North East Diary 4 (Mar)