REUTERS - Jindal Steel and Power Ltd (JNSP.NS) 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