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Plea For NINL Merger

The Major Trade Union of the State, Kalinga Nagar Mazdoor Union (KNMU) has urged the Prime Minister Narendra Modi to reconsider the proposal of strategic disinvestment of Neelachal Ispat Nigam Limited (NINL) and consider to merge the Public Sector Undertaking with another Central Public Sector Enterprises (CPSE).

Sending a Memorandum KNMU General Secretary Bishnu Charan Biswal has appealed Prime Minister Mr.Modi to consider to merge NINL with either SAIL, RINL, NMDC so that ailing NINL will be able to resume its activities immediately.

The 1.1 Million Ton Steel Complex is shutdown and situation is turning grave as 10,000 families are dependent on NINL, pointed out KNMU, which is the one of the largest Trade Union headed by former Minister Finance and Public Enterprises,
 
Prafulla Chandra Ghadei has also urged the Chief Minister Naveen Patnaik to impress upon the Prime Minister in this regard.

KNMU has said that during COVID-19 Pandemic, no foreign investors will come to invest in the country, but Central PSUs will be greatly helpful to overcome the crisis.

So it will be beneficial if the Union Government reviews its decision of strategic disinvestment of NINL, which is being taken up by the Department of Investment and Public Asset Management (DIPAM).

It is reported that DIPAM is considering to sale Small PSUs to their counterparts like Major PSUs instead of privatizing these organizations.

On similar grounds, DIPAM is needed to consider merger of NINL with SAIL/RINL/NMDC so that Major PSUs will be helpful in running the ailing Steel Maker, which has immense potential.

While RINL has not iron ore mines, NINL has a major Iron Ore Block with 874 acres of a captive mines, which will benefit RINL.

In fact, RINL is interested to merge with NMDC for fulfilling its requirement of raw materials.

So merging NINL with RINL will be beneficial for both Steel Makers and it will go a long way, advised KNMU.

KNMU has approached Chief Minister to impress upon the Prime minister in this regard so that Union Government can review its strategic disinvestment plan.

Odisha Government is one of the major investors in NINL, so KNMU has urged the Chief Minister Mr.Patnaik to take up matter with PM Mr.Modi.


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