The Maharatna PSU has around Rs 30,000 crore net debt as of June 30, 2021, down from Rs 35,350 crore by end of the previous fiscal.
The country's largest state-owned steel company faced a marginal hit to production and some of its inventory was piled up at ports, the source said, declining to be identified due to the sensitive nature of operations.
The government holds 75 percent stake in SAIL. It had last sold 5 percent stake in the steel CPSE in December 2014.
The date for submission of expression of interests (EoIs) physically for the three SAIL assets has been extended to September 10, 2019, the company said on its website.
The state-owned steel maker had produced 15.02 MT of crude steel in 2017-18, the company said in a statement.
Indian Railways is considering ending state-owned Steel Authority of India Ltd's (SAIL) virtual monopoly on supplying steel for standard rail tracks, opening up annual purchases worth up to USD 700 million to the private sector, people close to the matter told Reuters.
"PESB recommended the following name for the post of Chairman, Steel Authority Of India Ltd (SAIL) - P K Singh," it said in a notification. Singh took over as the Chief Executive Officer (CEO) of Durgapur Steel Plant in 2012.
Coal India's April-January output rose 6 percent to 389 million tonnes as it opened new mines and got environmental clearances to raise output from operating mines.
The Coal Ministry has asked Steel Authority of India Ltd to deposit a bank guarantee of Rs 57 lakh for delaying development of a mine in Jharkhand allocated to the company for captive use.
The intense scrutiny on his dual life hasn't deterred politician-cum-industrialist Naveen Jindal. He is firm on his eventual goal: To become a full-time public servant. But, first, he has to fix his company.
In CNBC-TV18's popular show Bull's Eye, Saurabh Mittal, Swadeshi Credits shares trading strategy of the day.
Rupee opens weaker at 54.33/34 versus its close of 54.2750/2850 on Thursday tracking weakness in regional sharemarkets and currencies.
Aashish Tater, Head of Research, Fortunewizard.com is of the view that investor should switch from Steel Authority of India to NALCO.
The government raised USD 56.84 million by selling some of its shares in state-run Rashtriya Chemicals and Fertilizers Ltd (RCF) on Friday, as part of a divestment drive to help rein in the budget deficit.
The government plans to divest some of its stake in four more state companies including Steel Authority of India Ltd and National Aluminium Company Ltd by the end of next month, a junior finance minister said on Friday.
Phani Sekhar, Fund Manager, Angel Broking is of the view that is of the view that for long term one can prefer private banking stocks and can avoid SAIL.
Sudarshan Sukhani, s2analytics.com is of the view that one can short metal stocks.
In an interview to CNBC-TV18 Hemant Thukral, Aditya Birla Money shared his reading and outlook on the Futures and Options market. Here is what he had to say.
Indian companies raised USD 4.29 billion (about Rs 23,300 crore) from overseas markets in October, up from USD 2.77 billion (around Rs 15,000 crore) in the previous month.
Steel Authority of India Ltd today said it produced 7.2 million tonnes (MT) saleable steel during the April-October period, exceeding the target so far for the current fiscal.
Reliance Industries may slip to Rs 750, Shardul Kulkarni, Angel Broking.
In CNBC-TV18's popular show Bull's Eye, Ashish Tater, Fort Share Broking shares trading strategy of the day.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
SAIL (STEEL AUTHORITY OF INDIA LTD) is to announce its fourth quarter results. According to CNBC-TV18‘s net sales are seen up 10% at Rs 13120 crore versus Rs 11943 crore, year-on-year (YoY).
Due to the skepticism on the Street, Amit Gupta of ICICI Direct tells CNBC-TV18 that the May series may be volatile due to unwinding of longs.