CNBC-TV18’s Nigel D’Souza caught up with Neeraj Singhal, MD of Bhushan Steel to discuss the minute details on the original debt taken, the ordinance and why did the asset turn into a distressed one.

Will focus on debt reduction once company attains profitability: SAIL

In an interview to CNBC-TV18, PK Singh, Chairman of Steel Authority of India (SAIL) spoke about the latest happenings in his company and sector.

Steel Min asks SAIL to oversee Monnet Ispat stake sale: Sources

The Steel Ministry has asked the Steel Authority of India (SAIL) to evaluate taking over Monnet Ispat, sources close to the development told CNBC-TV18.

Targetting sales of 14 MT this year: SAIL Chairman

Speaking to CNBC-TV18 Chairmain of Steel Authority Of India PK Singh says that the company is looking to increase its production target. Speaking exclusively to Anshu Sharma, he adds that the steel sector is in a challenging situation for the last 2 years and at the company level also SAIL is facing the challenge of high employee cost.

Govt must replace expiring MIP with anti-dumping duty: Experts

On February 5, the government imposed minimum import prices (MIP) on steel products for a period of six months in a bid to stop the deluge of cheap imports.

Cut iron ore prices by half due to over-supply: NMDC

In an interview to CNBC-TV18, Narendra Kothari, chairman and managing director, NMDC says the company has lowered prices from Rs 3600 to Rs 1500 per tonne.

May extend safeguard duty to more steel products:Steel Secy

Sundararajan says state-owned steel firm SAIL's losses will start reducing once the company's expansion plans are completed and it is able to achieve economy of scale.

Rs 85000cr of invt under process in West Bengal: Amit Mitra

In an interview to CNBC-TV18, Mitra discussed a whole host of issues: the state's economy, policy and well as the TMC government's stand on contentious issues such as the land bill.

Worst over for steel sector; gross debt at Rs 21000cr: SAIL

SAIl‘s current gross debt stand at around Rs 21,000 crore and the company expects its capacity to reach 18.5 mt by FY14-end.

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.

See margins getting affected on high input costs: SAIL

In an interview with CNBC-TV18, CS Verma, Chairman of SAIL said the company has comfortable inventory of coking coal currently. However, he expected part of margins to be affected due to high input costs.