Rs 8.83 crore more to be pumped into NINL

BHUBANESWAR: The State Government on Friday decided to further invest Rs 8.83 crore in the Nilachal Ispat Nigam Limited (NINL), a joint venture company of the State Government and the MMTC, official sources said.The State Government approved a proposal in this regard by the state-owned Orissa Mining Corporation (OMC).The Government would subscribe to the rights issue for acquiring 44.16 lakh shares from NINL. Therefore, the State Government’s total investment in NINL would increase to Rs 110,69,40,500, including the amount approved earlier.