Tag: India: Govt scraps SAIL-VISP privatisation amid insufficient bidder interest

The Government of India has decided to annul the privatisation of Steel Authority of India Limited’s (SAIL) Visvesvaraya Iron and Steel Plant (VISP) at Bhadravati in Karnataka due to insufficient interest shown by bidders. However, according to the Department of Investment and Public Asset Management (DIPAM), multiple Expressions of Interests (EoI) were received and the…