The board of directors of NMDC Ltd has approved the demerger of its upcoming three-million-tonne steel plant in Chhattisgarh, the PSU has said.

“The board of directors of the company at its meeting held on Thursday, August 27, 2020, inter-alia, have accorded an in-principle approval to the proposal to demerge its NMDC Iron and Steel Plant (NISP), Nagarnar, Chhattisgarh,” NMDC said in a filing.

Recently, Chhattisgarh chief minister Bhupesh Baghel had urged the Centre not to privatise the greenfield steel plant. NMDC officials had earlier said the plant is likely to be commissioned next year.