India steel minister says no decision on KIOCL, NMDC merger
11/03/2025 08:27
NEW DELHI, March 11 (Reuters) - India has not taken any decision to merge KIOCL KIOC.NS and NMDC NMDC.NS, junior Steel Minister Bhupathiraju Srinivasa Varma said in a written response in parliament on Tuesday. The steel ministry had proposed a merger of the miners in January, but the divestment department informed that "there is no such decision" at present, Varma said. (Reporting by Hritam Mukherjee in New Delhi; Editing by Muralikumar Anantharaman) ((Hritam.Mukherjee@thomsonreuters.com; X: @MukherjeeHritam;))