The Cabinet Committee on Economic Affairs (CCEA) has given in-principle approval for strategic disinvestment of 49.78 per cent equity shareholding of Minerals and Metals Trading Corporation Limited and 10.10 per cent of National Mineral Development Corporation.

The CCEA gave approval for strategic disinvestment of 0.68 per cent of MECON and Bharat Heavy Electricals Limited each. 12 per cent disinvestment in Industrial Promotion and Investment Corporation of Odisha Limited, 20.47 per cent in Odisha Mining Corporation in Neelachal Ispat Nigam Limited have also been approved.

The proposed strategic disinvestment of Neelachal Ispat Nigam Limited will unlock resources to be used to finance the social sector and developmental programmes of the Government benefiting the public.