The government has invited bids for 100% stake sale in Steel Authority of India’s (SAIL) three plants. The Department of Investment and Public Asset Management (DIPAM) invited Expression of Interest (EoI) from bidders for SAIL’s Alloys Steels Plant (ASP), Salem Steel Plant (SSP) and Visvesvaraya Iron and Steel Plant (VISP).
SAIL is India’s largest steel producing company. The company is among the five Maharatnas of the country’s Central Public Sector Enterprises. The company has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.