Posted on 07 Apr 2022
The Indian Ministry of Finance has started to invite bids to sell a 100% government stake in Ferro Scrap Nigam Limited (FSNL). The expression of interest (EOI) will be accepted before May 5.
FSNL is a 100% subsidiary of MSTC Limited, under the control of the steel ministry. The company is mainly engaged in metal scrap recovery and slag handling, and it is currently working on nine steel plants in India.
The sale of FSNL was expected to be completed in the fiscal year 2023.
Source:Yieh
