Steel Authority of India gets in principle approval for divestment of 3 alloy steel plants

From Cabinet Committee on Economic Affairs

Steel Authority of India announced Government of India, Ministry of Steel has communicated the 'in principle' approval of the Cabinet Committee on Economic Affairs (CCEA) of the Government of India for strategic disinvestment of the Bhadrawati, Salem and Durgapur (Alloy Steel Plants) Units of Steel Authority of India. Disinvestment of these Units shall be to strategic buyer(s) to be identified through two stage auction process, as recommended by the Core Group of Secretaries on Disinvestment.

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