comparemela.com

Latest Breaking News On - ச ura ரப் பட்நகர் - Page 1 : comparemela.com

Back on Growth Path- Business News

After a prolonged downturn, India s steel industry is set for good times. But it may have to expand quickly to meet the expected spike in demand

Back on Growth Path- Business News

Back on Growth Path- Business News
origin-businesstoday.intoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from origin-businesstoday.intoday.in Daily Mail and Mail on Sunday newspapers.

Centre s disinvestment plan: A stress test for zombie steel plants

With the government looking to divest loss-making steel assets, significant interest from secondary players is most likely this time apart from the anticipated list of large integrated primary steel producers, said industry experts. Rashtriya Ispat Nigam Limited (RINL), Neelachal Ispat Nigam Ltd (NINL), NMDC Integrated Steel Plant (NISP)-Nagarnar, Ferro Scrap Nigam Ltd and three units of Steel Authority of India (SAIL) Alloy Steels Plant, Durgapur; Visvesvaraya Iron and Steel Plant, Bhadravati; and Salem Steel Plant, Salem constitute the divestment list. All the three units of SAIL have been loss-making for more than five years. “Some promoter-driven secondary players could have much bigger interest towards the smaller, really stressed assets put out for divestment, making it a fresh list of buying interest this time,” said Saurabh Bhatnagar, Partner and National Leader, metals and mining at EY India.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.