SAIL open to taking over stressed assets

It will ramp up capacity to 21 million tonnes finished steel over the next one or two years

Ishita Ayan Dutt  |  Kolkata 

Public sector steel major Steel Authority of India Ltd (SAIL) is willing to take over a stressed asset if it is offered.   “We are very open to the idea. But, we would like to inherit a good asset. It should add value to our company and we should also be able to add value. If any good quality asset comes up, we can apply our expertise,” SAIL Chairman P K Singh told Business Standard when asked whether the company would be interested in taking over a stressed asset.   In case an asset is put on the block, a public sector company could become the first port of call ...

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SAIL open to taking over stressed assets

It will ramp up capacity to 21 million tonnes finished steel over the next one or two years

It will ramp up capacity to 21 million tonnes finished steel over the next one or two years Public sector steel major Steel Authority of India Ltd (SAIL) is willing to take over a stressed asset if it is offered.   “We are very open to the idea. But, we would like to inherit a good asset. It should add value to our company and we should also be able to add value. If any good quality asset comes up, we can apply our expertise,” SAIL Chairman P K Singh told Business Standard when asked whether the company would be interested in taking over a stressed asset.   In case an asset is put on the block, a public sector company could become the first port of call ... image
Business Standard
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