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SAIL Q4 net profit falls 42% to Rs 468 crore due to higher expenses

In the March quarter, the standalone total income increased to Rs 18,752.36 crore from Rs 17,264.86 crore in the year-ago period

SAIL registers highest crude steel production in FY'19

Total steel dispatch from SAIL was the highest ever at 14.86 million tonnes during FY'19 due to a dedicated logistics set-up created by SAIL recently, the company said

Govt shelves plan for strategic sale of SAIL's Durgapur Alloy Steels Plant

SAIL had invited an expression of interest from global and domestic companies for its proposed strategic disinvestment of its Alloy Steels Plant

SAIL's Q3 net rises to Rs 616.30 cr on higher income, posts lower expenses

SAIL's total expenses fell to 14,937.43 crore in October-December 2018

SAIL focusing on ramping up production to improve productivity of employees

Over the last three-and-half years, SAIL has managed to lower its employee expenses by nearly 10% even as it continues to remain top among its peers

SAIL proposes shore-based steel plant in Odisha for Rs 15,000 crore

The plant would be SAIL's second in the state after its Rourkela unit, which has a hot metal capacity at 4.5 mtpa.

Any further drop in domestic steel prices not feasible, says SAIL

Taking a cue from the international market, the domestic steel prices, particularly for flat products, were under pressure for some time

SAIL chairman stresses on meeting 2-third ferro alloy requirement in-house

Anil Chaudhary said SAIL is committed to meeting the steel ministry's target of increasing production to 300 million tonnes by 2030-31

SAIL gearing up to supply wheels for railways coaches: Chairman

The head of the steelmaker also expressed confidence that SAIL can outperform challenges with its talented manpower

Bhilai Steel Plant blast: CEO removed, two other officials suspended

Union Minister of State for Steel Vishnudeo Sai had said Tuesday that a four-member high-level committee was constituted by SAIL to probe the incident

Anil Kumar Chaudhary takes charge as chairman of Steel Authority of India

Anil Kumar Chaudhary Saturday took charge as chairman of state-owned Steel Authority of India Limited (SAIL), an official statement said. Prior to this, he was director (finance) of SAIL since 2011. SAIL is the largest steel-making company in India and one of the seven Maharatnas of the country's Central Public Sector Enterprises. "A graduate from the University of Delhi, Chaudhary joined SAIL in 1984 as junior manager (F&A). "Working his way, he rose to the rank of executive director (finance & accounts) at Bokaro Steel Plant in 2010. In 2011, he became the director (finance) of the company," said an official statement. An associate member of the Institute of Cost Accountants of India (ICAI) and the Institute of Company Secretaries of India (ICSI), Chaudhary is an alumni of the Faculty of Law Studies (FLS), from where he completed his bachelor's degree in law.

Anil Kumar Chaudhary appointed as new SAIL chairman, to replace P K Singh

The post of SAIL chairman fell vacant on June 30 with the retirement of P K Singh

SAIL declines govt call for dividend, says does not have cash, bank balance

SAIL's refusal could make it harder for the government to meet its budgeted target of raising Rs 1.06 trillion from the dividends

Product mix to aid SAIL's realisations; analysts remain positive on stock

Most of SAIL's plants are no longer posting losses at the operating level as was the case a year ago

SAIL prepares to exit non-operational, non-performing joint venture firms

SAIL has formed joint venture companies in different areas, namely power generation, rail wagon manufacturing, slag cement production, securing coking coal supplies from overseas sources, among others

With good steel demand, SAIL's profitability improvement continues

While steel demand and outlook bodes well, improving product mix should help sustain the gains in margins

A year after Rs 8-bn loss, SAIL posts net profit of Rs 5.4 bn in Q1

During the first three months of the current fiscal, its saleable steel production was 3.61 million tonnes (mt) which rose 13 per cent over same period last year

Manpower issues: Staff rationalisation to continue in FY19, says SAIL

Its employee total was 76,800 as on April 1, from 118,000 in the year 2010 - 16 per cent of total cost, from the earlier 21 per cent

SAIL-ArcelorMittal JV for specialised steel stuck on 30-year clause

ArcelorMittal wants a long-term binding agreement, at the end of which the two companies could take a call on whether to continue with the venture

SAIL raw material division logs record iron ore output, despatches volumes

SAIL ascribed the healthy growth in production and despatch numbers to a string of systemic changes