Steel Authority of India Ltd (SAIL) has informed BSE that the following mergers and acquisitions are being contemplated by the Company: 1. Acquisition of Neelachal Ispat Nigam Ltd (NINL), Orissa with a view to merge it with the Company. Appointment of valuer for valuation of NINL shares/business is under process. The above mergers/acquisitions are at initial stages and are subject to receipt of approvals from Central/State Governments etc. The necessary formalities for merger under the Companies Act and Listing Agreement would be initiated after the said approvals.