Indian state-run steel producer Steel Authority of India Limited (SAIL) has again extended the last date for submission of expression of interest in the proposed sale of three of its plants, this time to September 10, according to the Department of Investment and Public Asset Management, a wing of India’s Ministry of Finance.
As SteelOrbis previously reported, SAIL in July this year issued notices seeking to divest 100 percent of 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.
SAIL initially determined the last day for submissions as August 1, but later it extended the deadline to August 20.