Two units of SAIl in losses despite Rs2.6k-cr invt: Govt

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The two units of state-run SAIl, VISP and SSP, are running in losses for the last few years desspite  an investment of around Rs2,600 crore, Parliament was informed on Wednesday. “Despite an investment of around Rs400 crore, VISP (Visveswaraya Iron and Steel Plant) is making losses for last 10 years,” Minister of State for Steel Vishnu Deo Sai said. Similarly, despite an investment of around Rs2,200 crore under modernisation and expansion, SSP (Salem Steel Plant) is making losses for last five years, Sai said. The Govt had accorded ‘in-principle’ approval for strategic disinvestment of SSP, TN, VISP, Bhadravati and Alloy Steel Plant (ASP), Durgapur.        

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