Oct 09, 2017 11:52 AM IST | Source: Reuters
Jindal Steel and Power sells oxygen plant assets for Rs 11.21 billion
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.
Jindal Steel and Power Ltd said on Monday it sold two oxygen plant assets to SREI Equipment Finance Ltd for Rs 11.21 billion ($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.
The assets are located at the company's plants in the eastern states of Chhattisgarh and Odisha
Stumps 
