"Despite an investment of around Rs 400 crore, VISP (Visveswaraya Iron and Steel Plant) is making losses for last 10 years," Minister of State for Steel Vishnu Deo Sai said in a written reply to Rajya Sabha.
Similarly, despite an investment of around Rs 2,200 crore under modernisation and expansion, SSP (Salem Steel Plant) is making losses for last five years, Sai said.
The government had accorded 'in-principle' approval for strategic disinvestment of SSP, Tamil Nadu, VISP, Bhadravati and Alloy Steel Plant (ASP), Durgapur.
He said that till February Rs 64,986 crore has been incurred by SAIL towards modernisation and expansion among others.
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