IISCO to sell its surplus assets

Monday, 10 January 2005 17:49:46 (GMT+3)   |  

IISCO to sell its surplus assets

According to recent news in the market, the Board for Industrial and Financial Reconstruction (BIFR) has given approval to Indian Iron and Steel Company (IISCO), a subsidiary of Steel Authority of India Ltd (SAIL) for the sale of its surplus assets. IISCO demanded the board to approve the sale of sheet mill equipment at its Burnpur Steel Works in West Bengal. The assets will be sold to the highest bidder.

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