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CCEA approves disinvestment of 4 CPSEs & 2 State PSUs in NINL

Mahesh Kumar January 9th, 2020 11:32 am Leave a comment

The Cabinet Committee on Economic Affairs (CCEA) has given its ‘in principle’ approval for strategic disinvestment of 4 Central Public Sector Enterprises (CPSEs) & 2 Odisha State PSUs in Neelachal Ispat Nigam Limited (NINL). NINL is a Joint Venture company in which 4 CPSEs & 2 State PSUs have equity shareholding. The 4 CPSEs includes Minerals & Metals Trading Corporation (MMTC), MECON, Bharat Heavy Electricals (BHEL) and National Mineral Development Corporation (NMDC). 2 Odisha State PSUs includes Industrial Promotion and Investment Corporation of Odisha (IPICOL) and Odisha Mining Corporation (OMC).

The advances from the disinvestment are expected to finance the development programmes of the Govenrment launched for the public.

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Prime Minister Narendra Modi is the Chairman of Cabinet Committee on Economic Affairs.

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Working as an SEO Manager at Adda247, I bring over 10 years of experience in Search Engine Optimization (SEO) and digital marketing. I specialize in driving organic growth through data-driven strategies, including keyword research, on-page SEO, off-page optimization, and technical SEO. My area of expertise in the EdTech sector, specifically focusing on competitive exams such as Bank, SSC, Railway, UPSC, and various State Government job examinations.