Jindal Steel & Power looking to buy PSU assets RINL, NMDC's Nagarnar plant

Jindal Steel & Power (JSPL) has eyes set on state-run Rashtriya Ispat Nigam Ltd (RINL) and NMDC Iron and Steel Plant (Nagarnar), and is considering bidding for the assets. RINL has a 7.3 mt capacity and NMDC's steel plant is of 3 mt capacity. In addition, RINL's advantages are that it is a shore-based plant with a large land bank. The NMDC steel plant, on the other hand, is in the iron ore belt.