15
Feb
14:43
Sail revives efforts to divest Alloy Steel Plant
Steel Authority of India (Sail) has revived efforts to divest its Alloy Steel Plant (ASP) in Durgapur. It annulled its global invitation for the expression of interest (EoI) into acquiring the plant – issued one year ago – and has initiated a fresh process. A revised EoI will be issued shortly.
Sail first said in 2017 it was seeking transaction and legal advisers, as well as an asset valuer for the sale of its loss-making Visveswaraya (VISP), Salem (…
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