"Our discussion regarding sale and lease-back arrangements of coke oven plant-1 and oxygen plant-V of the company is in final stage", the Bhushan Steel said in a regulatory filing.
The company was replying in response to a clarification sought by BSE regarding a media report which said that Bhushan Steel might get Rs 3,000 crore from asset sale.
The country's largest manufacturer of auto-grade steel also said that "the relevant information in this regard would certainly be announced to the exchanges...As soon as some concrete action is generated".
In a meeting held last month, its Board of Directors approved "sale and lease-back arrangements of coke oven plant-I and oxygen plant-V of the company situated at integrated steel plant, Meramandali", it added.