National Mineral Development Corporation has prepared a strategic divestment plan, as directed by the Cabinet Committee on Economic Affairs.
In a filing to the exchanges, NMDC said it has completed the preliminary activities of appointing a transaction advisor, a legal advisor and a asset valuer.
The public sector mineral explorer and steel maker is seeking to divest its steel plant in Nagarnar, Chhattisgarh. The company said the appointed entities have started collecting details to execute the divestment process.