SAIL news

SAIL hot metal capacity to reach 19 million tonne by Sept end

Now, the capacity is 14 million tonnes per annum.

May 04, 2014, 21:22 PM IST

SAIL aims at 1 mn tonnes export next fiscal

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.

Mar 16, 2014, 11:24 AM IST

Bright future for steel industry: SAIL chief

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.

Mar 10, 2014, 18:00 PM IST

SAIL Apr-Jan sales grow 8% to 9.48 MT

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.

Feb 03, 2014, 15:43 PM IST

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

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).

Jan 12, 2014, 13:42 PM IST

SAIL seeks change in thermal coal mine allocation rule to PSUs

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.

Nov 19, 2013, 19:24 PM IST

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

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.

Oct 29, 2013, 20:26 PM IST

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

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.

Oct 28, 2013, 22:16 PM IST

SAIL to invest around Rs 800 cr to develop Bhilwara mine

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.

Sep 22, 2013, 12:23 PM IST

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

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

Aug 14, 2013, 20:00 PM IST

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

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.

Jul 23, 2013, 15:26 PM IST

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

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.

Mar 11, 2013, 18:23 PM IST

SAIL ready to set up steel plant at Sindri: Verma

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.

Feb 23, 2013, 22:16 PM IST

Govt eyes Rs 3,500 cr from SAIL disinvestment by March-end

"SAIL stake sale is very much in our domain for the current fiscal. DoD is in talks with the Steel Ministry on how to go about it. We are looking to raise somewhere between Rs 2,700-3,500 crore," official sources said.

Feb 17, 2013, 12:49 PM IST