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India steel minister says no decision on KIOCL, NMDC merger

India steel minister says no decision on KIOCL, NMDC merger

Reuters11-03-2025

NEW DELHI, March 11 (Reuters) - India has not taken any decision to merge KIOCL (KIOC.NS), opens new tab and NMDC (NMDC.NS), opens new tab, 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.
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