<h1>Cabinet Approves Demerger and Strategic Disinvestment of Nagarnar Steel Plant from NMDC, Enhancing Operational Focus and Accountability.</h1> The Cabinet Committee on Economic Affairs, led by the Prime Minister, approved the demerger of Nagarnar Steel Plant (NSP) from National Minerals Development Corporation (NMDC) Ltd. and its strategic disinvestment. The NSP, a three million ton per annum steel plant in Chhattisgarh, will be separated from NMDC, allowing NMDC to focus on mining. The demerger will make NSP a standalone company, enhancing operational visibility and accountability. Shareholders of NMDC will hold shares in NSP proportionately. The process, expected to conclude by September 2021, will be tax neutral regarding capital gains. The government holds a 69.65% stake in NMDC.