Steel Authority of India (SAIL) will be selling stakes in the Bhadrawati, Salem and Durgapur steel plants through a two-stage auction process to strategic buyers. The Government of India, Ministry of Steel has communicated the ‘in principle’ approval of the Cabinet Committee on Economic Affairs (CCEA) for strategic disinvestment of the Bhadrawati, Salem and Durgapur (Alloy Steels Plant) Units of the company. The 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.
SAIL is India’s largest steel producing company. The company is among the five Maharatnas of the country’s Central Public Sector Enterprises. The company has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.
