The government has shelved plans for strategic sale of Steel Authority of India’s (SAIL) Alloy Steels Plant in Durgapur, West Bengal. SAIL had invited an expression of interest from global and domestic companies for its proposed strategic disinvestment of its Alloy Steels Plant.
This was after the government's clearance for outright sale of state-owned SAIL's three special steel units - Salem Steel Plant, Alloy Steels Plant and Visvesvaraya Iron and Steel Plant -in 2017.
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.
