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
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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 Steel Authority of India Ltd (SAIL) has received approval 'in principle' from the government 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.
SAIL is India's biggest state-owned steel company.
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First Published: Nov 29 2016 | 10:01 PM IST