Jindal Steel and Power sells oxygen plant assets for Rs 1,121 crore to SREI Equipment Finance

Jindal Steel and Power Ltd said on Monday it sold two oxygen plant assets to SREI Equipment Finance Ltd for Rs 1,121 crore.

The steelmaker said it also signed a lease-back deal with the company which finances construction equipment purchases and will continue to operate the assets for manufacturing steel.

The assets are located at the company's plants in the eastern states of Chhattisgarh and Odisha.