Jindal Steel and Power sells oxygen plant assets for 11.21 bilion rupees

REUTERS - Jindal Steel and Power Ltd said on Monday it sold two oxygen plant assets to SREI Equipment Finance Ltd for 11.21 billion rupees ($171.70 million).

The steelmaker said it also signed a lease-back deal with the company which finances construction equipment purchases and will continue to operate the assets for manufacturing steel. http://bit.ly/2y4LVIb

The assets are located at the company's plants in the eastern states of Chhattisgarh and Odisha.

($1 = 65.2900 Indian rupees)

(Reporting by Jessica Kuruthukulangara in Bengaluru)