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More steel giants may shoulder burden of smaller units

New Delhi: Keen to bolster the wherewithal of its smaller behemoths to withstand the ongoing economic downturn, the Steel Ministry is increasingly banking on its bigger units to shoulder the responsibility. It has already asked NMDC to acquire 51 per cent stake in the ailing KIOCL and has constituted a fo  ....Read more

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ACQUISITION By: SDK CHOUBEY | Monday , 29 Jun '09 21:09:56 PM Reply | Forward There is not much hurdle in the path of merging small PSUs like FSNL with the Steel Giant like SAIL. As FSNL is a small PSU carrying out scrap recovery/processing/handling operation for SAIL in all of their units, and within no time such merger can be finalised,and FSNL would be small department of SAIL. The ministry should give more attention in finalsing such smaller deals, as such number of smaller PSUs under one ministry can be reduced and both FSNL
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