Moneycontrol
Nov 29, 2016 08:23 PM IST IST | Source: Reuters

SAIL to sell stakes in three units via auction

MUMBAI (Reuters) - State-run Steel Authority of India Ltd (SAIL) has received approval 'in principle' from the government to sell stakes in three units, the company said in a statement on Tuesday.


State-run Steel Authority of India Ltd (SAIL) has received approval 'in principle' from the government to sell stakes in three units, the company said in a statement on Tuesday.


The company will be selling stakes in the Bhadrawati, Salem and Durgapur steel plants through a two-stage auction process to strategic buyers, the statement said.


SAIL is India's biggest state-owned steel company.

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