[3] A pure-play miner, NMDC had in 2009-10 conceived the Nagarnar steel plant with the intention of moving up the value chain and diversifying its portfolio.

The 220KV GIS (Gas Insulated Switch) main receiving sub-station was started in March 2018, followed by power supply to the Sinter Plant.

The Deposit 4 iron ore mine is proposed to be developed as a 'standalone project' with an estimated investment of Rs 1899.74 crores.

The remaining iron ore quantity after meeting the requirement of the Nagarnar plant will be sold to domestic customers in Chhattisgarh.

Further, 50 hectares of non-forest land is also required for installation of railway stockyard, administrative building, loading plant (part), tailing dam, STP, and township etc.

The supply of equipment includes three 160 tonne per hour capacity boilers that use multiple fuels – blast furnace and coke oven gas from the steel process and light diesel oil – and two 40 MW each steam turbines.

[18] The Railway Siding Project is being implemented by IRCON to bring raw material such as iron ore, coking coal, limestone and dolomite, etc.

Upon receiving the communication from state government advising against divestment, the steel ministry had sought the Aayog’s views again and the latter remained firm on its recommendation.

The Department of Investment and Public Asset Management (DIPAM) has prepared strategic divestment plan as per the decision of the Cabinet Committee on Economic Affairs (CCEA), Government of India for strategic divestment of various public sector enterprises (PSEs), including Nagarnar Steel plant.

[24] NMDC's move to divest its stake in the Nagarnar steel plant has generated a groundswell of protests in the region confirming the apprehension of state government, as conveyed by it to the centre.

[26] The transaction advisors and the legal advisers engaged by NDMC for divestment have raised certain issues, like, for instance, whether it is possible to privatise the lease held by a public sector company in a scheduled area.

Based on this feedback, the Inter Ministerial Group for Strategic Disinvestment has recommended to the government that the privatisation process may be deferred for the time being.