problem of the durgapur steel plant?
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Apprehending a political backlash ahead of the scheduled assembly election early next year in West Bengal, the Centre has put on hold its plan to divest Alloy Steel PlantHowever, as per a steel ministry note, it is going ahead with the disinvestment plan for two other loss-making units – Visvesvaraya Iron and Steel Plant (VISP) in Bhadrawati and Salem Steel Plant (SSP) in Salem – of the public sector steel major.
“Meeting of the inter-ministerial group (IMG) under the chairmanship of secretary, Dipam, regarding disinvestment of two units of SAIL – SSP and VISP – was held on October 9, where issues involved in finalisation of transaction documents for strategic disinvestment of these SAIL units were considered,” said the steel ministry note. The ASP sale was part of an earlier plan, but the ministry note is silent on this.