Steel Minister asks SAIL to check falling market share
Steel Minister Narendra Singh Tomar Monday directed SAIL to increase its competitive spirit amidst the steel major's market share dipping to 14 per cent in the last fiscal from 18.8 per cent in 2009-10.
Jun 15, 2015, 22:54 PM IST
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
India's steel & power project in Afghanistan face hurdles
"The AFISCO project has been put in cold storage. There are several issues. First, it is about the security of the personnel in that country. Then there is a question of economic feasibility as it is difficult to operate there due to a continuous conflict hurting the basic infrastructure," the source said.
Jun 07, 2015, 17:35 PM IST
Government to extend full support to Posco: Tomar
In the past few months, Posco officials has been meeting Ministers and officials regarding investment in India's steel sector.
May 31, 2015, 12:19 PM IST
SAIL profit down 26% at Rs 334 cr; steel output up 10%
Hot metal production grew by 7 percent to 15.41 MT from 14.45 MT and saleable steel output was almost flat at 12.84 MT from 12.88 MT during the same period.
May 29, 2015, 18:55 PM IST
Plunging profits, lofty losses shadow India Inc Q4 report-card
Defying the growth momentum in overall economy, corporate giants including M&M and Sun Pharma as well as state-run behemoths like NTPC, SAIL and IOC today announced lower quarterly profits, while many others have fared even worse due to rising costs and weak consumer demand.
May 29, 2015, 18:47 PM IST
ArcelorMittal, SAIL to set up steel plant in India
NRI billionaire Lakshmi Mittal-led ArcelorMittal on Friday partnered PSU giant SAIL to set up an automotive steel plant with an estimated Rs 5,000 crore investment, taking a fresh shot at entering India after nearly a decade-long wait for its earlier projects to take off.
May 22, 2015, 20:43 PM IST
Iran asks India to lower prices of rail tracks
Emboldened by prospects of West lifting years of sanctions, Iran has asked India to lower prices of rail tracks it had offered to supply in a tender.
May 20, 2015, 19:43 PM IST
SAIL completes Rs 6,325-cr expansion of Bokaro plant: Govt
State-run SAIL has completed the current phase of the modernisation and expansion of the Bokaro Steel Plant with an investment of Rs 6,325 crore, Parliament was informed Wednesday.
May 13, 2015, 15:49 PM IST
NMDC in pact to set up ultra mega steel plant in Chhattisgarh
"NMDC, under the Ministry of Steel signed MoU for setting up ultra mega steel plant in Bastar region.
May 11, 2015, 20:14 PM IST
SAIL to pump Rs 1,50,000 crore by 2025
SAIL, the country's largest steel maker, has charted investment of Rs 1,50,000 crore till 2025 to ramp up steel production from 24 million tonnes to 50 million tonnes.
May 10, 2015, 21:58 PM IST
Subdued demand hits SAIL, sales decline by 2.3% in FY'15
Sales of steel major SAIL took a hit of 2.3 percent at 11.8 million tonne (MT) in the fiscal ended March, 2015, due to subdued demand in during the July-December period.
May 05, 2015, 17:57 PM IST
Posco, SAIL in talks for setting up a steel plant: Govt
"SAIL and Posco recently discussed possible collaboration opportunities including setting up of an integrated steel plant," Minister of Steel and Mines Narendra Singh Tomar told Lok Sabha in a written reply.
Apr 20, 2015, 16:07 PM IST
Fitch downgrades SAIL's credit profile to 'negative'
Rating agency Fitch on Wednesday downgraded Steel Authority of India Ltd's (SAIL) credit profile to 'negative' from 'stable' stating subdued operating performance.
Apr 08, 2015, 21:05 PM IST
Explore solar power: SAIL Chairman
A company statement, quoting him, said the Chairman urged the officials to explore tapping environment friendly solar energy.
Apr 06, 2015, 20:35 PM IST
PM Modi dedicates SAIL's RSP project to nation; asks industry to up production
India needs to boost its steel production to surpass China to become the biggest producer in the world, Prime Minister Narendra Modi on Wednesday said as he dedicated to the nation Rs 12,000-crore expansion project at the SAIL's Rourkela Steel Plant (RSP) here.
Apr 01, 2015, 13:56 PM IST
PM Modi to inaugurate Rourkela Steel Plant's modernisation project
Prime Minister Modi is also scheduled to visit the plate mill of RSP and hold discussions on various development works carried out by the plant authorities.
Apr 01, 2015, 09:51 AM IST
PM Modi may announce Rs 36K-cr expansion plan for SAIL's Rourkela plant
Prime Minister Narendra Modi is expected to announce a Rs 36,000-crore capacity expansion plan for SAIL's Rourkela steel plant when he inaugurates the modernised unit of the state-owned firm on April 1.
Mar 29, 2015, 12:37 PM IST
Posco seeks refund from Odisha rail line undertaking
Lee also said six employees have "voluntarily" resigned and denied it was any sign of Posco pulling out from the project.
Mar 27, 2015, 23:11 PM IST
