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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.

Steel cos competitive enough to counter surge in imports: SAIL

Allaying apprehensions of rising steel imports, state-run SAIL Sunday said capacity expansion of almost all steel-makers indicate that the domestic industry is resilient and competitive enough to balance it out with proportionate exports.

SAIL Q1 net profit rises 18% to Rs 530 crore

The turnover of the company rose to Rs 12,515 crore, registering a growth of 10 percent as compared to year-ago period.

SAIL to achieve 19.5 MTPA capacity by Sept

Domestic steel giant SAIL, which has undertaken a massive Rs 72,000 crore modernisation and expansion plan, will ramp up its capacity to 19.5 million tonnes (MT) by September.

SAIL's CS Verma gets 'CEO of the Year' award

Steel Authority of India Ltd (SAIL) Chairman C S Verma has been adjudged 'CEO of the Year' at the 2014 Platts Global Metals Awards.

Steel sector may witness temporary over-supply: Verma

With around 50 percent capacity increase in the offing, India's steel industry is likely to face a temporary over-supply situation, SAIL Chairman C S Verma said.

Steel demand may go up with excise duty cut on automobiles

SAIL Chairman C S Verma recently said the worst phase of steel sector was over with demands going up and liquidation of inventories taking place.

Worst is over for country's steel sector: SAIL chief

Reeling under subdued demand for over two years, the steel sector's worst phase is over and green shoots are visible in areas like prices and inventories, SAIL Chairman C S Verma said today.

Steel industry may face huge skilled worker shortage: SAIL

Indian steel industry may face huge shortage of skilled workers by 2025 with the gap going up to as much as 60 percent, Steel Authority of India (SAIL) Chairman C S Verma said Friday.

Lower realisation pulls NMDC's Q2 net down by 21%

Iron ore producer NMDC Ltd Thursday reported a 21 percent dip in net profit in the July-September quarter at Rs 1,318 crore on lower sales realisation due to subdued prices of the raw material even as sales volumes rose.

SAIL hopes better realisation in FY14

"Steel prices have bottomed out and there is no room for further slide. There can only be improvement in price," SAIL chairman C S Verma said.

SAIL to invest Rs 72,000 crore: C S Verma

Out of Rs 72,000 crore, Rs 10,284 crore would be used for development of SAIL mines under Raw Material Division (RMD) to increase the production of iron ore.

NMDC to decide on Jan iron ore prices this week

The pricing will be based mainly on demand-supply situation as well as the prevailing rates globally, NMDC's acting Chairman C S Verma said.

SAIL's inventory starts shrinking as demand picks up: Verma

Steel Authority of India (SAIL) on Wednesday said its inventories have started shrinking with the pick up in demand from end-users from the beginning of this month.

SAIL pays Rs 425.36 crore interim dividend to government

State-run Steel Authority of India (SAIL) on Tuesday paid Rs 425.36 crore as interim dividend to the government for its 85.82 percent holding in the steel maker.