STEEL AUTHORITY OF INDIA

  • NMDC to go solo for maiden steel plant in Chhattisgarh May 14, 2014

    Staterun iron ore miner NMDC Ltd has shelved plan of inducting a partner for its Rs 15,525 crore maiden steel venture and is going ahead solo by employing people with expertise to run a steel mill. "At the moment, there is nothing. My intention is to run the plant on our...
  • Bhilai Steel Plant registers impressive growth February 16, 2014

    Bhilai Steel Plant, the flagship unit of public sector Steel Authority of India Ltd, on Saturday said it saw growth in production in three categories in April to January period in the current fiscal, enabling it to meet the yearly targets. The plant registered growth of 2.6 percent, 1.6 percent and...
  • SAIL chairman announces Rs 72 crore expansion plans, says difficult times are over January 20, 2014

    Steel Authority of India (SAIL) chairman Chandreshwar Verma on Sunday said the public sector's difficult days were over and it was on the path of growth. "The difficult days have ended for SAIL, whose future is bright," Verma said, adding the steel company has embarked upon an expansion project worth Rs...
  • India's steel demand to grow 78 pc in 2013: SAIL April 28, 2013

    New Delhi: Country's largest steel maker SAIL has said it expects the domestic demand for the metal to grow by 78 per cent in 2013, although prices may hover at the current level. "If you see the demand for the first four months of the current calendar year, yearonyear basis...
  • SAIL share sale: Government raises $279 million March 22, 2013

    Mumbai: India aided its bid to avoid a credit downgrade by raising $279 million from selling shares in staterun Steel Authority of India Ltd, but needed help from state investors to do so. The share sale on Friday is part of the government's divestment drive to help restrict the fiscal...
  • Govt lowers stake sale in SAIL to 5.8 pc from 10.82 pc March 21, 2013

    Mumbai: The government will sell 240.4 million shares, or a 5.82 per cent stake, in state-owned Steel Authority of India Ltd through an auction on March 22, the steel ministry said on Wednesday. Earlier in the day, a panel of ministers had approved the sale of a 10.82 per cent stake...
  • CBI probing irregularities in SAIL's CSR program March 18, 2013

    New Delhi: The Central Bureau of Investigation has initiated investigations in two cases relating to alleged irregularities in steel major SAIL's (Steel Authority of India) corporate social responsibility (CSR) activities, Parliament was informed on Monday. "The CBI has since initiated investigation in two cases relating to irregularities in CSR activities...
  • Divestment in SAIL deferred again July 12, 2012

    The Cabinet deferred the stake sale in SAIL since Steel Minister Beni Prasad Verma is not present in Delhi. ...
  • Cabinet defers stake sale in SAIL July 12, 2012

    New Delhi: The Cabinet on Thursday deferred a decision on selling 10.82 per cent stake in Steel Authority of India Ltd (SAIL) as Steel Minister Beni Prasad Verma was away on official tour. The Steel Minister is in Tokyo on an official tour and could not attend the Cabinet meeting. In...
  • SAIL rises 2.7 pc on better Q4 numbers May 29, 2012

    Steel Authority of India (SAIL) has declared its fourth quarter results. Its Q4 net profit at Rs 1,577 crore versus Rs 1,530.6 crore, YoY, reports CNBCTV18. It touched an intraday high of Rs 96.70 and an intraday low of Rs 92.50. At 14:40 hrs the share was quoting at Rs 95.95,...
  • Metro wipes: News from across Indian cities March 19, 2008

    New Delhi: A Mumbai court has summoned Bollywood actor Sanjay Dutt and his wife, Manyata on April 1 to answer charges of bigamy and adultery. A middleaged man committed suicide on the underground metro railway track in Kolkata on Tuesday morning. An employee of the Steel Authority of India Limited...
  • SAIL Q2 net up 28 pc at Rs 1,443 crore October 30, 2006

    New Delhi: Steel Authority of India Ltd (SAIL) achieved 28 per cent growth in net profit at Rs 1,443 crore in Q2FY07 over the same corresponding period last year. Announcing the results on Monday, SAIL Chairman S K Roongta said the company posted its highestever net profit...