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India's Jindal Steel and Power sells oxygen plant assets for 11.21 bln rupees
October 9, 2017 / 6:14 AM / in 11 days

India's Jindal Steel and Power sells oxygen plant assets for 11.21 bln rupees

Oct 9 (Reuters) - India’s Jindal Steel and Power Ltd said on Monday it sold two oxygen plant assets to SREI Equipment Finance Ltd for 11.21 billion rupees ($171.70 million).

The steelmaker said it also signed a lease-back deal with the company which finances construction equipment purchases and will continue to operate the assets for manufacturing steel. bit.ly/2y4LVIb

The assets are located at the company’s plants in the eastern states of Chhattisgarh and Odisha. ($1 = 65.2900 Indian rupees) (Reporting by Jessica Kuruthukulangara in Bengaluru)

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