Jindal Steel and Power sells oxygen plant assets for Rs 1,121 crore

Jindal Steel and Power sells oxygen plant assets for Rs 1,121 crore
10/10/2017 , by , in ALLIED

Jindal Steel and Power Ltd said on Monday it sold two oxygen plant assets to SREI Equipment Finance Ltd for Rs 1,121 crore. The company said it also signed a lease-back deal with the SREI which finances construction equipment purchases and will continue to operate the assets for manufacturing steel.

The assets are located at the company’s plants in the eastern states of Chhattisgarh and Odisha.

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