PTI reported that Steel Authority of India Ltd has extended the deadline to submit bids for stake sale in its three assets to September 10, 2019. The date for submission of expression of interests for the three SAIL assets has been extended to September 10, 2019. No reasons were given for the extension of the deadline.
The last date for submission of EoIs for its three plants was August 1, which was later extended to August 20, 2019.
In July, the Department of Investment and Public Asset Management (DIPAM) had invited bids for 100 per cent stake sale in Alloys Steels Plant (ASP), Salem Steel Plant (SSP) and Visvesvaraya Iron and Steel Plant (VISP) – units of Steel Authority of India Ltd’s (SAIL).
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