The Union Government is looking into the proposal on SAIL’s takeover of Neelachal Ispat Nigam Ltd (NINL) and a suitable decision in this regard will be taken in appropriate time, Union Steel & Mines minister Mr Narendra Singh Tomar said.
After his meeting with Odisha Chief Minister Naveen Pattnaik today, he said that the Odisha CM brought up this issue during the meeting and his ministry regards this as a positive proposal. NINL, jointly promoted by MMTC and the Odisha Government’s Industrial Promotion & Investment Corporation (IPICOL) is a leading Pig iron producer of the country and has started producing Billets since last year.
On POSCO issue, the minister said that his government is taking the project positively and his ministry will take all necessary steps to facilitate it. The state government has recommended the Khandadhar Mines for the project. Since the mining area involves both notified & non-notified areas, the union government is carefully examining the proposal and a suitable decision will be taken looking into the prospects of the projects.
On the amendment of the MMDR Act, the minister said that the union government has started talks with the state governments on the issue and mineral bearing states like Odisha have already submitted their written and verbal proposals on the issue. However, he declined to give any timeline for the new act. “Till the act is amended, we are also trying to expedite things under the current law,” he said.