Sail Takes Up Durgapur Unit Revival

The Steel Authority of India Ltd (SAIL) has asked Dastur & Co to prepare a fresh feasibility plan on stand-alone operation for its Durgapur-based alloy steel plant (ASP) after the proposed divestment of Salem Steel plant.

As per the fresh plan, SAIL will initially invest Rs 50 crore to make the plant viable. Till now ASP was supplying most of its products to Salem.

Earlier, Dastur & Co had undertaken a study on ASP to bring down its cost of production and make it financially more viable to attract buyers.