Jindal Stainless may bid for stake in SAIL SSP -The 18th China(Guangzhou)Int'l Stainless Steel Industry Exhibition 11/9/2016 Stainless Steel Exhibition
Reuters reported that Jindal Stainless may bid for stake in SAIL’s Salem Steel plant as an official last week told Reuters that it would consider buying a majority stake in SSP which Steel Authority of India is selling under pressure from the government. Mr Ashok Kumar Gupta finance head of Jindal Stainless (Hisar) told Reuters that "We were interested even last year. We will look at it."
The report added that Jindal Stainless is the only party interested in buying the 614,200 tonnes per year plant whose annual loss grew by 40 percent in the year to March 31
The Salem stainless steel plant in Tamil Nadu was among more than a dozen public sector enterprises identified by union cabinet last week for strategic sale. -The 18th China(Guangzhou)Int''l Stainless Steel Industry Exhibition
