Jindal Steel and Power (JSPL) has consummated sale of oxygen plant assets at Rs 1,121 crore with SREI Equipment Finance. Under the transaction, JSPL has divested its Oxygen Plant Assets at its integrated steel plants at Raigarh (Chhattisgarh) and Angul (Odisha), and received a total consideration (inclusive of taxes) of Rs 1,121 crore.
JSPL and SREI Equipment Finance have also entered into a Lease Back agreement of the Oxygen Plant Assets for continued operations by JSPL for manufacturing of steel at the respective plants.
JSPL is one of India’s fastest growing and largest integrated steel manufacturers, significantly present in Steel, Power Generation and Infrastructure segments and catering to a large part of India's domestic energy and infrastructure requirement.
