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S&P downgrades SAIL credit rating, withdraws rating on request

S&P downgrades SAIL credit rating, withdraws rating on request

Last Updated: Friday, August 01, 2014, 00:50

Global rating agency Standard & Poor's (S&P) on Thursday lowered the long-term corporate credit rating of state-run SAIL to 'BB+' from 'BBB-' and then withdrew the rating on the company's request.

SAIL may invest Rs 1.5 lakh cr for raising capacity

Last Updated: Wednesday, July 30, 2014, 19:08

SAIL is raising its hot metal capacity to 23.4 mtpa from 13.8 mtpa now with Rs 72,000 crore investment. Expansions are at the advanced stages of implementation.

SAIL to tap overseas markets

Last Updated: Wednesday, July 23, 2014, 16:29

State-run SAIL plans to export higher volumes of steel after commissioning new facilities under modernisation and expansion plan, Minister of State for Steel Vishnu Deo Sai said Wednesday.

SAIL, RINL spend Rs 7,000 cr for plants' maintenance in 3 years

Last Updated: Monday, July 21, 2014, 13:54

State-owned SAIL and RINL together incurred average expenditure of more than Rs 7,000 crore towards maintenance of different plants in the last three financial years, the government said today.

NTPC-SAIL Power Company pays Rs 86.28 crore dividend

Last Updated: Saturday, July 19, 2014, 15:45

NTPC-SAIL Power Company, a joint venture between state-run NTPC and SAIL, paid a dividend of over Rs 86 crore to the government.

DoD plans SAIL stake sale in Sept; ONGC, power cos to follow

Last Updated: Thursday, July 17, 2014, 16:26

The government will kick off its big-bang disinvestment drive with 5 percent stake sale in SAIL in September, followed by ONGC and power sector PSUs like REC, PFC and NHPC.

GM India launches Manchester United editions of Beat, Sail

Last Updated: Monday, July 07, 2014, 19:17

The special edition models come with various features including Manchester United decals, alloy wheels, special seat covers, and roof rails.

Coal production from captive mines likely at 53 MT in FY'15

Last Updated: Monday, July 07, 2014, 15:24

Coal production from captive coal blocks allocated to firms like SAIL, Sasan Power and Jindal Steel and Power Ltd is expected to reach 53 million tonnes (MT) in the current fiscal.

India likely to sell 5% stake in SAIL: Sources

Last Updated: Thursday, July 03, 2014, 15:13

The sources declined to be named as they were not authorised to speak to the media before a government announcement.

DoD meets SteelMin, merchant bankers on SAIL disinvestment

Last Updated: Monday, June 23, 2014, 18:55

Kick starting the process of 5 percent stake sale in SAIL, the Disinvestment Department Monday held meeting with merchant bankers and steel ministry officials to move ahead with it.

Govt forms panel to probe accident at SAIL's Bhilai plant

Last Updated: Friday, June 20, 2014, 16:15

The government has set up an independent panel to probe the June 12 leakage of toxic gas at the Steel Authority of India's Bhilai plant that left six people dead.

India may sell 5% stake in SAIL: Sources

Last Updated: Tuesday, June 17, 2014, 17:33

The new government could sell a 5 percent stake in state-run SAIL and a final decision is likely to be taken next week.