of steel and other value added products. It operates two mining complexes in Chhattisgarh and one in Karnataka. Although government had earlier proposed stake sale in NMDC, it postponed the decision due to poor market conditions.
The government plans to raise Rs 30,000 crore from disinvestment during the current fiscal. However, it has not been able to come out with any public issue during the first seven months of the fiscal.
Due to uncertain market conditions, the government in the last fiscal could raise only Rs 14,000 crore from disinvestment against the target of Rs 40,000 crore.