New Delhi, Nov. 25 -- The Union steel ministry is preparing to infuse more than Rs.400 crore into Salem Steel Plant, the stainless-steel unit of the Steel Authority of India Ltd (SAIL), marking a sharp policy turn from its earlier intent to privatize the loss-making mill, according to two senior ministry officials.

The move signals a broader shift in the Centre's approach to distressed public-sector steel assets. Instead of pushing strategic units to the disinvestment block, the government is increasingly opting for state-led revival plans, an approach already visible in the Rs.11,440 crore rescue crafted for Rashtriya Ispat Nigam Ltd (RINL) earlier this year.

The renewed push for revival over sale signals a shift toward restructuring a...