MoneyWorks4Me

Govt invites bids for 100% stake sale in SAIL’s three plants

05 Jul 2019 Evaluate

The government has invited bids for 100% stake sale in Steel Authority of India’s (SAIL) three plants. The Department of Investment and Public Asset Management (DIPAM) invited Expression of Interest (EoI) from bidders for SAIL's Alloys Steels Plant (ASP), Salem Steel Plant (SSP) and Visvesvaraya Iron and Steel Plant (VISP).

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.

Peers
Company Name CMP
JSW Steel 1227.10
Tata Steel 175.50
Steel Authority 174.50
Jindal Stainless 732.35
APL Apollo Tubes 2120.65
View more..