Company News - SAIL [more headlines]


SAIL Profit Declines In Q3 - New Kerala
Mon, 14 May 2012 10:43:21 +0100
He said, in third quarter of 2011-12, the profitability declined mainly due to lower production, sales volume of saleable steel, adverse impact of input prices, and increase in royalty on iron ore, higher interest & depreciation and adverse foreign exchange variation.


SAIL Signs Mou With Mongolia To Develop Iron ...
Fri, 11 May 2012 05:31:00 +0100
Steel Authority of India Ltd (SAIL) plans to develop iron ore and coal mines in Mongolia in collaboration with the local government. A memorandum of understanding was signed by SAIL on Friday with the Mongolian Ministry of Mineral Resource and Energy ...


Iron Ore Mines to Steel Manufacturing Units ...
Thu, 10 May 2012 05:08:00 +0100
Since Iron and Steel is a de-regulated sector, no such information regarding quantum of additional iron ore extracted by steel companies, if any, is maintained by the Ministry of Steel. However, SAIL has reported that its production from captive mines ...


Environment Ministry panel refuses clearance ...
Thu, 03 May 2012 05:20:00 +0100
The mines, Jhillingburu-I, Jhillingburu-II and Topailore, are located in Gua iron ore reserves and are estimated to hold 82812.6 million tonne of deposits. Steel Minister Beni Prasad Verma said in a written reply to the Rajya Sabha that the Expert ...


Government considering SAIL-led consotium's ...
Mon, 16 Apr 2012 05:23:00 +0100
NEW DELHI: Government is considering the demand of SAIL-led consortium for state funding of their $ 10.8 billion investment plan in Afghanistan for setting up of steel and power plants, mining of iron ore and development of associated infrastructure.


Price hikes and higher sales set to boost Indian ...
Sat, 07 Apr 2012 00:55:00 +0100
Business Line reported that Indian steel makers like SAIL and TATA Steel are expected to deliver better fourth quarter earnings on higher sales aided by product price hikes. Analysts see a sequential improvement in operating profit margins of steel ...


Steel Minister presents SAIL's interim dividend ...
Tue, 03 Apr 2012 20:37:05 +0100
New Delhi, Apr 3: Union Steel Minister Beni Prasad Verma presented an interim dividend cheque of Rs.495.65 crore to Prime Minister Dr.


Steel makers hike prices by up to Rs 1,500 per ...
Tue, 03 Apr 2012 16:54:13 +0100
Domestic steel makers, including state-run SAIL, have raised the prices for both long and flat products by up to Rs 1,500 a tonne, to partially offset the inflated production cost due to hike in freight rates.


Steel makers hike prices by up to Rs 1,500 per ...
Tue, 03 Apr 2012 15:56:50 +0100
Domestic steel makers, including state-run SAIL, have raised the prices for both long and flat products by up to Rs 1,500 a tonne, to partially offset the inflated production cost due to hike in freight rates. "Steel companies have raised the price by up ...


Sail's Coking Coal Import To Grow 18-19 Mt From ...
Sat, 31 Mar 2012 16:24:44 +0100
Kolkata, Mar 31 : The Coking coal import by Steel Authority of India Limited is likely go upto 18-19 million tonne per year in the near future due to its ongoing capacity expansion projects, according to India Coal Market Watch .


SAIL Chief Calls For Strategy To Bring In Coal ...
Thu, 29 Mar 2012 07:46:12 +0100
Stating that global steel production was heavily dependent on coal, Steel Authority of India Limited chairman, CS Verma said it was high time that Indian steel industry adopted a multi-pronged strategy to bring in coal securitisation.


Steel minister concerned over rising domestic ...
Thu, 29 Mar 2012 04:14:06 +0100
Economic Times reported that concerned by the runaway rise in steel prices, Mr Beni Prasad Verma union minister for steel held a meeting on Tuesday with senior ministry officials and chairman of the Steel Authority of India to discuss rising domestic steel ...