Tata wins NINL bid for Rs 12,100 crore

Neelachal Ispat Nigam Ltd. (NINL) is a joint venture of 4 Centre Public Sector Enterprise (CPSEs), namely MMTC, NMDC, BHEL, MECON and 2 Odisha Govt. PSUs, namely OMC and IPICOL. It has an integrated steel plant with a capacity of 1.1 MT, at Kalinganagar, Odisha and has been running in huge losses with a huge debt of Rs 6,600 crores.