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SAIL spends Rs 44,536 cr on capex in 7 yrs SAIL spends Rs 44,536 cr on capex in 7 yrs It spent Rs 8,993 crore on capex last fiscal, the lowest since 2009-10, according to an internal note of the state- owned company.
GM India to hike prices by up to Rs 10,000 from June 1st week GM India to hike prices by up to Rs 10,000 from June 1st week "With diesel prices going up on regular intervals, transportation and other logistic costs have gone up significantly. We are left with no option, but to pass on the burden partially to consumers," General Motors India Vice President P Balendran said.
Steel Minister not satisfied with SAIL's performance Steel Minister not satisfied with SAIL's performance SAIL is investing a whopping Rs 61,870 crore to jack up production capacity from 12.8 million tonnes per annum (MTPA) to 21.4 MTPA in the current phase.
Former Nokia employees make Jolla smartphone Former Nokia employees make Jolla smartphone The phone has a 4.5-inch screen, 8 mega-pixel camera, supports 4G and is compatible for Google's Android apps.
Consortium may scale down initial capacity of Afghan plant Consortium may scale down initial capacity of Afghan plant The SAIL-led consortium plans to scale down the size of its proposed steel plant in Afghanistan in the first phase to 1-2 million tonnes per annum (mtpa) from 3 mtpa to reduce vulnerability of the project.
Govt allows SAIL, RINL to charter ships directly for imports Govt allows SAIL, RINL to charter ships directly for imports On the lines of dispensation given to oil firms, PSU steel makers SAIL and RINL have the freedom now to charter ships directly for importing coking coal without going through state-owned Transchart.
SAIL, RINL likely to be allowed to charter ships for imports SAIL, RINL likely to be allowed to charter ships for imports Currently, imports by the steel PSUs are done through ships chartered by Transchart, a state-owned enterprise operated by Shipping Corp of India (SCI).
SAIL, RINL raw material needs to rise up to 39% by 2015-16 SAIL, RINL raw material needs to rise up to 39% by 2015-16 Raw material needs of public sector steel majors SAIL and RINL are going to increase by up to 39 percent in three years as they are on the verge of completing capacity expansion programmes.
Par panel pulls up SAIL for delays in modernisation plans Par panel pulls up SAIL for delays in modernisation plans A parliamentary panel Thursday pulled up the state-run Steel Authority of India Ltd (SAIL) for delay in implementation of its ongoing expansion and modernisation plan, resulting in almost stagnant production for the last four years.
Steel demand to grow 7-8% this year: SAIL Steel demand to grow 7-8% this year: SAIL Country’s largest steel maker SAIL has said it expects the domestic demand for the metal to grow by 7-8 percent this year, although prices may hover at the current level.
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