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The Committee of Secretaries has recommended the merger of Neelanchal Ispat Nigam Ltd.(NINL) with Steel Authority of India Ltd. (SAIL). In this regard, the Orissa Government has also supported the merger of NINL with SAIL instead of Rashtriya Ispat Nigam Ltd (RINL).
Accordingly, the Secretary (Disinvestments) has been asked to process the merger proposal and to appoint a Merchant Banker for fair valuation of NINL.
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