SAIL eyes 17 MT sales in FY17; targets defence, aerospace

SAIL eyes 17 MT sales in FY17; targets defence, aerospace

India's largest steel maker SAIL is targeting sales of 17 million tonnes (MT) in the current fiscal with focus on deriving 70 per cent of the total figure from the northern and eastern regions of the country.

India begins probe into steel dumping by six countries

India has started an investigation into alleged dumping of a certain variety of steel products by six countries, including China, Japan and Korea, following a complaint by major producers.

SAIL appoints CEOs of Burnpur, Rourkela, Durgapur plants

Steel giant SAIL has appointed new Chief Executive Officers to head its plants at Burnpur, Rourkela and Durgapur.

SAIL Q3 net loss at Rs 1,529 crore on low income, import surge

SAIL Q3 net loss at Rs 1,529 crore on low income, import surge

Lower sales on account of "huge surge in imports of low-priced steel" from countries including China saw steel giant SAIL log a massive Rs 1,528.7 crore stand-alone net loss for the December quarter.

P K Singh takes charge as SAIL Chairman

P K Singh takes charge as SAIL Chairman

P K Singh, who was selected by government headhunter Public Enterprise Selection Board in September for the top post at SAIL, on Thursday took charge as the chairman of the domestic steel giant.

 

 

Rourkela Steel Plant sets up 1 MW solar unit

Rourkela Steel Plant (RSP), a unit of SAIL Ltd, has set up 1 MW solar photovoltaic (PV) power generation unit inside the plant premises at a cost of Rs 6.68 crore.

Govt to hire external consultant to review SAIL's performance

The consultant will help in identifying bottlenecks and will devise an operational and marketing strategy for the maharatna company, an official statement said Tuesday.

SAIL slips into red, posts Q2 loss at Rs 1,056 crore

Steel giant SAIL on Friday reported a standalone net loss of Rs 1,055.96 crore for the second quarter ended September 30, due to lower sales realisation.

SAIL invests Rs 2,600 crore in Rourkela plant for HR coils

Domestic steel giant SAIL is investing over Rs 2,600 crore for installing a three million tonnes per annum facility for hot rolled (HR) coils at its Rourkela plant to make auto-grade and special steel products.

SAIL spends Rs 284-cr on R&D in FY'15, highest by an Indian company

SAIL spends Rs 284-cr on R&D in FY'15, highest by an Indian company

Domestic steel giant SAIL has spent Rs 284 crore on research and development (R&D) initiatives in the last fiscal ended March 2015, the highest by any steel maker in India, Steel Secretary Rakesh Singh said Thursday.

PK Singh selected new SAIL Chairman

Government headhunter Public Enterprise Selection Board (PESB) Monday selected Durgapur Steel Plant's CEO P K Singh for the top post at domestic steel giant SAIL.

SAIL's expansion prog planning, execution not efficient: CAG

The modernisation and expansion programme of state-owned steel major SAIL has been marred by project delays and its implementation has been inefficient at all stages, including tendering and cost overruns, government auditor CAG said Wednesday.

SAIL's Rs 70K-cr modernisation programme complete: Tomar

SAIL's Rs 70,000 crore modernisation programme has been completed and it will increase the capacity of the domestic steel giant to 23 million tonnes per annum (MTPA) by March next year, Steel Minister Narendra Singh Tomar said today.

Steel Minister asks SAIL to check falling market share

Steel Minister Narendra Singh Tomar Monday directed SAIL to increase its competitive spirit amidst the steel major's market share dipping to 14 per cent in the last fiscal from 18.8 per cent in 2009-10.

C S Verma steps down as SAIL CMD, steel secretary takes charge

Verma was appointed CMD of the country's largest steel producer for a 5-year term in June 2010 by the previous UPA government.

Govt denies SAIL Chairman extension, Steel Secy given charge

The government has refused to extend the tenure of SAIL Chairman C S Verma till his superannuation -- making him the first 'Maharatna' PSU head to be denied extension during the current NDA regime.

India's steel & power project in Afghanistan face hurdles

"The AFISCO project has been put in cold storage. There are several issues. First, it is about the security of the personnel in that country. Then there is a question of economic feasibility as it is difficult to operate there due to a continuous conflict hurting the basic infrastructure," the source said.

Government to extend full support to Posco: Tomar

In the past few months, Posco officials has been meeting Ministers and officials regarding investment in India's steel sector.

SAIL profit down 26% at Rs 334 cr; steel output up 10%

Hot metal production grew by 7 percent to 15.41 MT from 14.45 MT and saleable steel output was almost flat at 12.84 MT from 12.88 MT during the same period.

Plunging profits, lofty losses shadow India Inc Q4 report-card

Defying the growth momentum in overall economy, corporate giants including M&M and Sun Pharma as well as state-run behemoths like NTPC, SAIL and IOC today announced lower quarterly profits, while many others have fared even worse due to rising costs and weak consumer demand.