NINL
NOTE 1: NINL was a Joint Venture company, in which 4 CPSEs namely MMTC, NMDC, BHEL and
MECON and 2 State PSUs of Odisha Government; namely IPICOL and OMC were share-holders. GOI holds
no equity in NINL.
NOTE 2: The highest bid of M/s Tata Steel Long Products Limited for 93.71% of shares of
Joint Venture partners of 4 CPSEs and 2 Odisha Govt State PSEs at the Bid Enterprise Value of Rs.
12,100 cr. was accepted by the government.
Ferro Scrap Nigam Limited(FSNL)
NOTE: Ferro Scrap Nigam Ltd. (FSNL) was a 100% subsidiary of MSTC Ltd. The highest bid of M/s. Konoike Transport Co. Ltd. for 100% shares of FSNL held by MSTC Ltd. at the equity value of Rs. 320 cr. was accepted by the Government.
