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

Capital Market 

From Cabinet Committee on Economic Affairs

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 for strategic disinvestment of the Bhadrawati, Salem and Durgapur (Alloy Steel Plants) Units of 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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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, November 30 2016. 13:18 IST