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11Mar 25
Steel Ministry Clarifies: No Decision on KIOCL and NMDC Merger
The Indian Steel Ministry has clarified that there is no current decision to merge KIOCL (Kudremukh Iron Ore Company Limited) and NMDC (National Mineral Development Corporation), dispelling recent speculation in the steel sector. This statement addresses ongoing rumors about potential consolidation among state-owned mining companies. While a merger is not currently planned, the circulation of such rumors suggests possible future strategic considerations for optimizing state-owned mining company performance.