To drive expansions via Shree Uttam merger: Uttam Galva

Uttam Galva steel is hopeful of an improvement in the ferrous sector's performance going forward. It is also positive on the merger of Shree Uttam Steel and Power with Uttam Galva.

Govt may expedite divesting stake in HZL, Balco: Tulsian

SP Tulsian of sptulsian.com says,” I think the government will now be happy to expedite the process of divesting their residual stake in HZL as well as in Balco.”

Demand up despite price rise, worst over for steel: SAIL

CS Verma, chairman, SAIL, says increase in steel prices were in line with increase in international prices.

Problem for NMDC is ore evacuation, not production: CMD

CS Verma, CMD, NMDC & SAIL, says that the company has set a production target of 27.4 million tonne for FY14, which indicates minimal growth going ahead.

Expect SAIL to complete divestment by FY13: CS Verma

Steel Authority of India (SAIL) expects its divestment programme to be completed by FY13 itself. Currently, the government holds 85.82 percent in the company and it will divest around 10.82 percent.

Iron price dynamic; see India's steel demand rising: NMDC

CS Verma, Chairman of SAIL and NMDC said iron ore pricing is dynamic in nature and the pricing policy is governed by the board taking into consideration the prevailing market condition, market prices and the demand/supply position.

Hind Copper not ideal divestment candidate: Haldea

Hindustan Copper plunged 18% in early trade today after the Government set the floor price for its offer for sale (OFS) at a steep discount to the current market price. In an interview to CNBC-TV18, Prithvi Haldea of Prime Database says he is happy that the Government‘s divestment plan has finally begun.

Local iron ore prices higher owing to supply constraints

In an interview to CNBC-TV18, Ankit Miglani, deputy MD of Uttam Galva said that weak demand situation from automobile sector, white goods and construction has severely affected steel prices.

Pennar Ind sees steel supply from JSW going down

Nirupender Rao, chairman of Pennar Industries Limited which sources steel from JSW talks to CNBC-TV18 of the difficulties and the way ahead for the company.

Century Ply plans home furniture, shipping space foray

In an interview with CNBC-TV18, Sajjan Bhajjanka, MD, Century Plyboards spoke about the latest happenings in the company and the road ahead.

Steel demand growth in India seen at 13-14%, says SAIL

In an interview with CNBC-TV18, CS Verma, CMD of SAIL, spoke about the company's fourth quarter results and the road ahead.

Union Budget: FY12 divestment target achievable, says Enam

Dharmesh Mehta, Enam says, divestment targets are looking realistic. “I am very confident that it will be achieved,” he adds.