Steel Authority of India (SAIL) has extended the deadline to submit bids for stake sale in its three assets to September 10, 2019. The last date for submission of expression of interests (EoIs) for its three plants was August 1, which was later extended to August 20, 2019.
In July, the Department of Investment and Public Asset Management (DIPAM) had invited bids for 100 per cent stake sale in Alloys Steels Plant (ASP), Salem Steel Plant (SSP) and Visvesvaraya Iron and Steel Plant (VISP) - units of Steel Authority of India (SAIL).
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.