New Delhi, Oct 9:
Jindal Steel and Power Ltd (JSPL) has completed the sale of its oxygen plant assets to SREI Equipment Finance Ltd.
A company statement said, "Under the transaction, JSPL has divested its oxygen plant assets at its integrated steel plants at Raigarh (Chhattisgarh) and Angul (Odisha), and received a total consideration (inclusive of taxes) of Rs 1,121 crore."
JSPL and SREI Equipment Finance have also entered into a lease back agreement on the oxygen plant assets for continued operations by JSPL, for the manufacture of steel at the respective plants, the statement added.
(This article was published on October 9, 2017)
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