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09 Jul
16:45

Sail issues subsidiaries' divestment expression of interest invitation

Steel Authority of India (Sail) has issued a global invitation for the expression of interest (EoI) into the divestment of its Visveswaraya (VISP), Salem (SSP) and Alloy Steel (ASP) plants, Kallanish learns from the steelmaker. This comes after the producer announced in February it was reviving efforts to divest the three subsidiaries after annulling the initial invitation for EoI in 2018 (see Kallanish passim). ASP and VISP’s loss before tax each …
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