Rashtriya Ispat Nigam Limited

RINL's July sales up 19% to 2 lakh tonnes

Rashtriya Ispat Nigam Ltd said that its July sales went up by 19 percent to at two lakh tonnes. The company had a cumulative growth of four percent during April-July 2013.

Steel prices may go up again in February

Steel may become costlier again in February, on the back of pick up in domestic demand and rise in international prices, due to a spurt in input costs.

Outlook for steel producers remains stable in 2013

India Ratings expects credit profiles of its rated steel producers to remain stable in 2013, driven by continued albeit slow growth in domestic steel demand. The majority (92%) of ratings are on stable outlooks and most of them are below 'IND BBB-', which reflects the inherent risks in the steel sector.

Vizag blast: Toll rises to 17

The death toll in last week's explosion at the Visakhapatnam Steel Plant (VSP) has gone up to 17, with one of the injured officials succumbing to injuries here today.

Vizag blast toll mounts to 11, eight including GM critical

The Andhra Pradesh government today ordered an inquiry in the explosion at the state-owned steel plant here which claimed 11 lives and left eight others critically injured including GM V Kalsi.

Probe ordered in Vizag Steel plant blast

The Andhra Pradesh government today ordered an inquiry under the Factories Act into the blast that killed 11 persons in Visakhapatnam Steel Plant.

Vizag blast toll mounts to 10; nine critical

The death toll in the explosion at the state-owned steel plant here today mounted to 10 while the condition of nine others, including senior company officials, is critical.

To include ONGC, SAIL FPO proceeds in FY12: Divestment Secy

The Finance Minister, in his budget speech on Monday set the divestment target for financial year 2012 at Rs 40,000 crore. This, divestment secretary Sumit Bose says is realistic. "The proceeds of two of the largest follow-on public offer—SAIL and ONGC—will be accounted for in the next fiscal," he said.