Jindal Steel and Power sells oxygen plant assets for 11.21 billion rupees
By Reuters | Published: 09th October 2017 11:55 AM |
Last Updated: 09th October 2017 11:55 AM | A+A A- |
The logo of JSW is seen on the company's headquarters in Mumbai, India, February 11, 2016.
Jindal Steel and Power Ltd said on Monday it sold two oxygen plant assets to SREI Equipment Finance Ltd for 11.21 billion rupees ($171.70 million).
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. http://bit.ly/2y4LVIb
The assets are located at the company's plants in the eastern states of Chhattisgarh and Odisha.
