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SAIL to sell stakes in three units via auction

Company will be selling stakes in the Bhadrawati, Salem and Durgapur steel plants through a two-stage auction

Reuters  |  Mumbai 

SAIL
A man stands next to an advertisement of Steel Authority of India Ltd. (SAIL) at a street in New Delhi, India. Photo: Reuters

State-run Ltd (SAIL) has received approval 'in principle' from the to sell stakes in three units, the company said in a statement on Tuesday.

The company will be selling stakes in the Bhadrawati, Salem and Durgapur steel plants through a two-stage auction process to strategic buyers, the statement said.

is India's biggest state-owned steel company.

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SAIL to sell stakes in three units via auction

Company will be selling stakes in the Bhadrawati, Salem and Durgapur steel plants through a two-stage auction

Company will be selling stakes in the Bhadrawati, Salem and Durgapur steel plants through a two-stage auction

State-run Ltd (SAIL) has received approval 'in principle' from the to sell stakes in three units, the company said in a statement on Tuesday.

The company will be selling stakes in the Bhadrawati, Salem and Durgapur steel plants through a two-stage auction process to strategic buyers, the statement said.

is India's biggest state-owned steel company.

image
Business Standard
177 22

SAIL to sell stakes in three units via auction

Company will be selling stakes in the Bhadrawati, Salem and Durgapur steel plants through a two-stage auction

State-run Ltd (SAIL) has received approval 'in principle' from the to sell stakes in three units, the company said in a statement on Tuesday.

The company will be selling stakes in the Bhadrawati, Salem and Durgapur steel plants through a two-stage auction process to strategic buyers, the statement said.

is India's biggest state-owned steel company.

image
Business Standard
177 22