/ SAIL May Undertake The Operation And Maintenance Of MIEL ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 6 March 2017

The government is examining the possibility of the Steel Authority of India Ltd., undertaking the operation and maintenance of  Monnet Ispat & Energy Ltd. Lenders have already sought bids from prospective buyers, but have not yet received good response.

JSW is the only bidder that has shown interest to take over Monnet Ispat & Energy Ltd. In an association led by SBI, it has been disclosed that the bank has taken over the debt ridden Monnet Ispat & Energy Ltd., and is looking for a prospective buyer for strategic debt restructuring.

In a recently asked question as to whether SAIL will take over Monnet Ispat & Energy Ltd., the officials of SAIL informed that it will only undertake the operation and maintenance of Monnet Ispat & Energy Ltd.

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