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SAIL Q2 net up 117% at Rs 1,180 cr on exceptional gains

Last Updated: Monday, November 11, 2013, 16:20

SAIL Monday reported over 2-fold jump in standalone net profit to Rs 1,180.39 crore for the quarter ended September 30, primarily due to an exceptional gain of Rs 1,056 crore for damages from foreign suppliers of coking coal.

Steel consumption grew by 3.3% in FY'13 to 73.3 mn tones

Last Updated: Monday, April 08, 2013, 20:57

India's steel consumption grew by just 3.3 percent in 2012-13 fiscal to 73.3 million tonnes as demand remained subdued almost throughout the year due to slackening economy and high interest rates.

India, Brazil to increase cooperation in steel, mining sectors

Last Updated: Monday, February 11, 2013, 18:24

The decision was taken during a visit of Steel Minister Beni Prasad Verma-led Indian delegation to Brazil last week, in which a letter of intent (LoI) was signed to strengthen cooperation between the two nations in steel and mining sectors, an official statement said.

India's 5-year steel output 2nd highest in the world

Last Updated: Friday, January 25, 2013, 18:17

India's 33 percent growth in steel production in the last five years at was second only to China among the top-five producing nations.

Steel production target likely to be met: Govt

Last Updated: Tuesday, September 18, 2012, 16:18

Government on Tuesday expressed confidence of meeting the steel production target for the current financial year.

JSW Steel production up 13% in July

Last Updated: Friday, August 24, 2012, 17:24

The Mumbai-based steel producer had reported 5.99 lakh tonne of production in July 2011.

JSW crude steel output up 18% at 6L tonnes in Nov

Last Updated: Monday, December 05, 2011, 18:21

The Sajjan Jindal led-company had produced 5.07 lakh tonnes of crude steel in November 2010.

'India may eclipse US in steel production in next few years'

Last Updated: Sunday, December 04, 2011, 17:13

Keeping in view the growth rate of steel sector, India would likely eclipse US, the third largest steel producer of the world, in next couple of years, Executive Director of Association for Iron and Steel Technology (AIST) Ronald E Ashburn said on Sunday.