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SAIL aims at 1 mn tonnes export next fiscal

Last Updated: Sunday, March 16, 2014, 11:24

State-owned SAIL, which has been largely catering to domestic market instead of pushing exports, started overseas shipments vigorously since the beginning of the current fiscal to tide over the subdued demand at home and arrest the impact of the rupee's fall against the US dollar.

Bright future for steel industry: SAIL chief

Last Updated: Monday, March 10, 2014, 18:00

India's steel demand grew by just 0.5 percent to 53.78 million tonnes during the April-December period of the current fiscal, impacted by economic slowdown.

SAIL Apr-Jan sales grow 8% to 9.48 MT

Last Updated: Monday, February 03, 2014, 15:43

The domestic steel consumption grew by just 0.5 percent during the April-December period of the current fiscal to 53.789 MT, impacted by the economic slowdown.

SAIL wage revision soon; annual outgo to rise by Rs 1,000 cr

Last Updated: Sunday, January 12, 2014, 13:42

Wage revision in SAIL, done every five years, is pending since January 2012 due to differences on the extent of hike between the company management and its unions' umbrella body, National Joint Committee for Steel (NJCS).

SAIL seeks change in thermal coal mine allocation rule to PSUs

Last Updated: Tuesday, November 19, 2013, 19:24

Already saddled with 75 percent imports of its coking coal needs, SAIL has flagged the issue to Steel Ministry for soliciting Coal Ministry for allotment of thermal coal mine to the state-run steel maker.

Indian firms seek to renegotiate $10.8 bln Afghan iron ore deal: Kabul official

Last Updated: Tuesday, October 29, 2013, 20:26

The situation arose after India`s finance ministry refused to help finance the consortium without a detailed study about the commercial viability of the project.

SAIL plans Rs 5,000-cr auto steel mill at Rourkela plant

Last Updated: Monday, October 28, 2013, 22:16

The state-run company, which is ramping up its steel-making capacity to 24 million tonnes per annum (mtpa) from 14 mtpa now, has already floated a global tender inviting interests from potential partners.

SAIL to invest around Rs 800 cr to develop Bhilwara mine

Last Updated: Sunday, September 22, 2013, 12:23

The lease, granted to SAIL by the state government last week, is for the mine that is spread over 871 hectare with estimated reserves of around 150 million tonne.

SAIL's Q1 net profit down 35% on dip in net sales realisation

Last Updated: Wednesday, August 14, 2013, 20:00

The Steel Authority of India Ltd had posted Rs 696.41 crore net profit in April-June quarter of the last fiscal.

SAIL to raise capacity to 50 MT with Rs 1.2 lakh-cr investment

Last Updated: Tuesday, July 23, 2013, 15:26

The state-owned steel maker, which currently has 14 mtpa capacity, said most of the planned expansion would be carried out through brownfield expansions in existing five steel mills, barring one proposed at Sindri in Jharkhand.

SAIL to invest Rs 2,952-cr for raising Gua mine capacity

Last Updated: Monday, March 11, 2013, 18:23

SAIL proposes to increase iron ore mining capacity at the Gua mine in Jharkhand to 10 mtpa from the existing level of 2.4 mtpa.

SAIL ready to set up steel plant at Sindri: Verma

Last Updated: Saturday, February 23, 2013, 22:16

CS Verma said we are ready to invest Rs 25,000 crore for the proposed plant, provided the land without any encroachment was allotted to SAIL.