power-sector-news
No distress sale for SAIL units Steel secretary
NEW DELHI: Government will not go in for "distress sale" of three SAILBSE 0.51 % subsidiaries -- Salem Steel Plant, Visvesvaraya Iron and Steel and Chandrapur Ferro-Alloy -- and rather look for a management that will turn around the units, a top official said. "None of these plants we will like to put as a distress sale. We will like them to come into profit and... better management," Steel Secretary Aruna Sharma told PTI.
Earlier, the government had in-principle approved strategic disinvestment of SAIL's Bhadrawati, Salem and Durgapur (alloy steel plants). Economictimes
Read Also : NTPC Barauni Launches 'Bindaas Bol' Program to Empower Students through Conversational English Skills
News Must Read
- BharatPe Launches India’s first All-in-One Payment Device
- NBCC registers historical Performance in FY2023-24
- RuPay Unveils Link it, Forget it Campaign at IPL 2024 to Promote RuPay Credit Card on UPI
- NTPC Green Energy Limited Inks MoU with Indus Towers Limited
- CIL’s capex up 6.5% to highest Rs.19,840 Crores in FY 2024
- SCOPE presents SCOPE PREMIER LEAGUE
- MCL Ib Valley Washery commenced commercial operation
- HAL bags Rs 65,000 Cr tender by Defence Ministry
- PSBs' growth output superseded Private Lending firms
- Northern Coalfields Limited CMD inspects Amlohri Area