Stay updated with breaking news from Visvesvaraya Iron. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
In the post, Ramesh mentioned that five years ago, the Modi government had decided to sell three units of SAIL: the Alloys Steel Plant at Durgapur, the Visvesvaraya Iron and Steel Plant at Bhadravati, and the Salem Steel Plant. He emphasized that the uncertainty over the past few years has adversely affected the companies, and he attributed this uncertainty to the Modi government.
The government on Wednesday said it has decided to scrap the privatisation of SAIL's Salem Steel Plant (SSP) in Tamil Nadu. This was the third unit of public sector major SAIL where the government has decided not to go ahead with the strategic sale.
Congress leader Jairam Ramesh alleges that the Modi government is solely responsible for the uncertainty surrounding SAIL units, which were supposed to be divested.
Synopsis:The Indian government scraps the privatisation plan for SAIL's Salem Steel Plant after a failed bid process. Initially seeking global buyers in 2019, t
(This story has not been edited by THE WEEK and is auto-generated from a PTI