Indian state-run steel producer Steel Authority of India Limited (SAIL) has extended the last date for submission of expression of interest (EoI) for the proposed sale of three of its plants, Indian government sources have said, adding that this is largely owing to the poor response from prospective investors.
The sources said that the deadline for submission of EoI has been extended until August 20, 2019, while the earlier notice inviting EoI had set the deadline as August 1.
SAIL last month issued notices seeking to fully divest its stakes in three of its loss-making plants, namely, Salem Steel Plant (SSP) in the southern Indian state of Tamil Nadu, Alloy Steel Plant (ASP) in West Bengal, and Visvesaraya Iron and Steel Plant (VISP) in Karnataka.