Steel Authority Of India Limited

SAIL has been buoyed by a rally in metal prices and the company has also been reducing debt.

Govt may merge loss-making steel firms: Report

The ministry has also suggested a consolidation of profitable iron ore mining companies such as National Mineral Development Corporation and KIOCL

Supplying rails to Railways like a dream come true: Naveen Jindal

JSPL had set up a rail mill at its Raigarh plant in 2003 to become the second player after SAIL to produce rails in India.

Odisha willing to offer land for SAIL-ArcelorMittal steel

The proposed JV will construct a cold rolling mill and other downstream finishing facilities in India, touted as one of the fastest-growing automotive markets in the world with production expected to double between 2014 and 2020, from 3.6 million units to 7.3 million units

Buy Bata India, SAIL, HCL Infosystems; sell Ceat, Escorts: Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy Bata India, Steel Authority of India and HCL Infosystems and can sell Ceat and Escorts.

SAIL, union meet on Sat; non-execs may get 15% hike

The issue of wage revision at SAIL, pending for over 18 months, is expected to be settled this week, benefitting around 85,000 non-executives with at least 15 percent hike in basic and dearness allowances.

Lanco Infratech to develop Tasra coal mine for SAIL

Lanco Infratech will be developing Tasra coal mine for Steel Authority of India Limited (SAIL). It was the successful bidder for selection of a mine developer and operator by SAIL.

SAIL to raise capacity to 50 MT with increased investment

Steel Authority of India Limited (SAIL) is increasing its capacity to 24 million tonnes per annum. With investments lined up worth Rs 1.2 lakh crore, the company aims to reach 50 mtpa by 2022.

Expect flat profits for steel cos' in FY14: India Rating

India Ratings & Research (Ind-Ra) has revised its Outlook on Indian steel producers to Negative from Stable for H213. The Negative Outlook is in view of the higher-than-expected deterioration in the financial and liquidity profiles of rated issuers.

Budget 2013-14: FY14 disinvestment target likely to be around Rs 30,000 cr

The government has now met 73 percent of its Rs 30,000 crore disinvestment target for this fiscal. What are the government targets for FY14 and what could be the likely disinvestment targets.

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.

Zee Entertainment has target of Rs 242-245: Thukral

Yesterday Zee Entertainment Enterprises has closed at a new all-time high, clearly it is suggesting more strength to come in with immediate target for traders should be around Rs 242-245. The stoploss has to be maintained around Rs 225, says Hemant Thukral, Aditya Birla Money.

CVC recommends penalty against 172 govt officials for graft

As many as 172 officials working with different central government departments have been advised penalty by the Central Vigilance Commission for their alleged involvement in corrupt practices.

Sail launches Rs 500 crore coke oven batteries

Steel Authority of India Limited (Sail)’s Bokaro Steel Plant (BSL) launched two coke oven batteries (Cobs) that would improve effective utilisation of existing capacity and while adding fresh capacity.

SAIL-led consortium bids for Afghan iron mines

A consortium of Indian steel and mining firms led by the Steel Authority of India Limited (SAIL) has bid for four blocks of mines in Afghanistan, SAIL said in a statement on Tuesday, proposing to set up a steel plant in the country.

In-principle nod from SAIL board for 10 new units: Verma

The board of Steel Authority of India Limited (SAIL) has accorded in-principle approval for setting up 10 steel processing units in different states across the country, Parliament was informed today.

SAIL, Midhani ink pact to develop steel for defence, power

Two state-owned firms -- Steel Authority of India (SAIL) and Mishra Dhatu Nigam (Midhani) -- on Thursday signed a pact aimed at developing speciality steel products for use in defence and power sectors.