SAIL's Salem unit sale hits a block

Land and employee union issues might put a spanner in the central government's decision

The earlier idea to privatise the Steel Authority of India Ltd’s (SAIL’s) stainless steel unit at Salem in Tamil Nadu might get delayed.

Land and employee union issues, besides opposition from the state government, might put a spanner in the central government’s (the central government owns SAIL) decision. 

The process has begun to select transaction and legal advisors and an asset evaluator for the strategic sale. It is learnt the last date for expression of interest for the transaction advisor has been extended twice, as only a single entity had participated. The advisor here would advise on modalities and timing of strategic