SAIL Salem Steel Plant Privatization Scrapped

Decision taken due to a lack of bidder interest

In February 2019, the government decided to give a push to its strategic disinvestment plan within the current fiscal year itself by clearing the sale of 100% stake in three special steel-producing units of the steel company, including the Salem Steel and Alloy Steel Plant.

The government said on Wednesday, January 3, that it has decided not to go ahead with the privatisation of Steel Authority of India Ltd’s Salem Steel Plant (SSP). The decision was taken due to a lack of bidder interest.

The order issued in this regard by The Department of Investment and Public Asset Management (DIPAM) is given below for the benefit of the viewers of

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