C S Verma

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.

Jun 11, 2015, 16:41 PM IST

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.

Jun 10, 2015, 21:58 PM IST

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.

Dec 07, 2014, 16:49 PM IST

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.

Aug 11, 2014, 15:53 PM IST

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.

Jun 01, 2014, 11:09 AM IST

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.

May 25, 2014, 18:13 PM IST

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.

Mar 07, 2014, 19:21 PM IST

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.

Feb 17, 2014, 16:45 PM IST

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.

Feb 16, 2014, 13:24 PM IST

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.

Nov 15, 2013, 19:52 PM IST

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.

Oct 24, 2013, 23:32 PM IST

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.

Jun 09, 2013, 12:42 PM IST

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.

Feb 23, 2013, 22:15 PM IST

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.

Dec 30, 2012, 14:30 PM IST

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.

Nov 21, 2012, 14:24 PM IST

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.

Apr 03, 2012, 17:37 PM IST

SAIL's Q3 profit down 43% to Rs 632 cr

Steel Authority of India (SAIL) Monday posted a 43 percent decline in Q3 net profit to Rs 632 crore from Rs 1,107 crore a year ago, hit by costlier raw material, forex losses and lower sales.

Feb 13, 2012, 16:33 PM IST

India to emerge World's third largest economy by 2025: Verma

With India set to emerge as the world's third largest economy by 2025, SAIL Chairman C S Verma on Saturday said human resource development can play a key role to transform the country into an economic super power.

Jan 21, 2012, 19:28 PM IST

Afghan govt unlikely to provide funds to SAIL-led consortium

The Afghanistan government on Friday hinted that it is unlikely to provide any financial assistance to SAIL-led consortium which plans to invest a whopping USD 10.7 billion in the war-torn country to set up a seven million tonne steel plant and 800 MW power project, among others.

Jan 13, 2012, 21:08 PM IST

Naxal funding: Essar GM, 3 others remanded in judicial custody

A local court on Monday remanded in judicial custody four persons, including the General Manager of Essar Steel and two Naxal conduits till October 31.

Oct 17, 2011, 23:33 PM IST