Final call on strategic divestment of SAIL units by Sept

The government is likely to take a final call on strategic disinvestment of three SAIL units by September, and due diligence is already on for the same. While the government in-principle had approved strategic disinvestment of SAIL’s Bhadravati, Salem and Durgapur (Alloy Steels Plants), modalities are yet to be worked out. “We hope that within 6-7 months, we would be in a position to take a call on whether to disinvest or not,” an official said. There is an inprinciple decision to disinvest some units (of SAIL), and based on that, the government is moving ahead, an official privy to the development said.