Steel Minister Rules Out Sail Taking Over Monnet Ispat

Steel Minister Rules Out Sail Taking Over Monnet Ispat

Amid speculations that public sector Steel Authority of India Ltd (SAIL) may take over debt-ridden Monnet Ispat & Energy Ltd, Steel Minister Chaudhary Birender Singh has ruled out any such possibility.

When asked about SAIL’s plans to take over Monnet Ispat, the minister said, “Why should we (SAIL) take it”.

Talking to reporters on the sidelines of an event on Monday, Singh, however, said that steps are being taken to resolve the stress in the sector. Read more

Credits:www.moneycontrol.com

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