Govt scraps privatisation of Bhadravati steel plant on low bidder interest

The Department of Investment and Public Asset Management (DIPAM) said the privatisation of SAIL’s Bhadravati steel plant has been scrapped due to low bidder interest. The transaction was annulled with the approval of Alternative Mechanism (Empowered Group of Ministers). DIPAM said multiple Expressions of Interest (EoIs) had been received and qualified bidders had conducted due diligence.