Steel Ministry

  • Govt lowers stake sale in SAIL to 5.8 pc from 10.82 pc March 22, 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...
  • SAIL disinvestment approved, to hit market on March 22 March 21, 2013

    New Delhi: An inter-ministerial panel on Wednesday cleared a 10.82 per cent stake sale in steel major SAIL and decided that the issue will hit the markets on Friday, a top Finance Ministry official said on Wednesday. The Empowered Group of Ministers on Disinvestment, headed by Finance Minister P Chidambaram, met...
  • Ex-DGCA Bhushan shifted to Steel Ministry July 13, 2012

    New Delhi: EK Bharat Bhushan, who was abruptly shunted out as the Director General of Civil Aviation recently, is being shifted to the Steel Ministry, official sources said on Friday. Bhushan will take over as Additional Secretary and Financial Adviser (AS&FA) in the Steel Ministry, swapping postings with Machendranathan who would...
  • PM keeps Finance Ministry, Vilasrao gets Steel June 26, 2012

    New Delhi: Prime Minister Manmohan Singh has kept the Finance Ministry with himself, while making Vilasrao Deshmukh the additional in-charge of the Steel Ministry, sources said on Tuesday. Pranab Mukherjee resigned as Finance Minister on Tuesday. The UPA's Presidential candidate said he was honoured at his nomination. Meanwhile, the PM has forwarded...
  • Steel Min seeks CBI probe into Rs 600-cr gold deal August 26, 2009

    New Delhi: Suspecting a "scam", the Steel Ministry has sought a CBI probe into default of payment for exports of gold worth Rs 600 crore to Dubai last year by the state-owned trading firm MSTC. "Steel Ministry has recommended a CBI inquiry into the MSTC transaction. The ministry wants every...