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.