Page 11 - Sail

We are concentrating on greenfield expansion, says SAIL's PK Singh

SAIL that lost its pole position in the domestic steel capacity to JSW Steel and Tata Steel has worked over the past few years to bring in operational and production efficiency

Better FY19 for SAIL after strong Q4: Rising volumes to drive earnings

Operating profit at Rs 26.24 billion in Q4 was the highest in 27 quarters

SAIL likely to report average annual volume growth of 11% for FY19

Rising infrastructure and housing demand will drive demand for these products

BSE PSU index hits 52-week low; SAIL, NMDC down over 5%

The S&P BSE PSU Index was down 1.7% at 7,855 as compared to 0.14% decline in the S&P BSE Sensex at 10:31 am.

SAIL crude steel production up 9% to 1.27 mn tonnes; targets higher output

SAIL is in the final leg of completing the modernisation and expansion

SAIL records robust turnaround: Expansion plans continue to drive volumes

The company's higher realisation and cost initiatives have pushed up profitability

Rails supplied to railways are totally defect free, says SAIL

The statement comes in the wake of railways inviting a global tender to plug the shortfall in supply of rails from Steel Authority of India Ltd

SAIL must step up efforts to compete with pvt players, suggests Parl panel

Parliamentary panel also directed the PSU to ensure that all its plants are operated at full installed capacity.

SAIL moves Odisha HC to quash demand of Rs 47 crore for excess mining

State run steel maker Steel Authority of India Ltd (SAIL) has moved Odisha High Court for quashing the demand notice asking to pay Rs 47,49, 46,999 by December 31, 2017,The demand notice states that SAIL, the mine lease holder of Bolani mines spreading over an area of 1321.45 hectares, has undertaken production of iron ore from the mining lease hold area in excess of the lower of the approved limits of production under mining plan and consent to operate during 2000-2001 to 2010-2011.The notice also made clear that the demand is relatable to recovery of price of minerals produced without or beyond the mining plan and consent to operate alone under Section 21 (5) of the MMDR act, 1957 and does not include recoveries under Section 21 (5) of the said act for violation of EC (environment clearance ) and FC (forest conservation).Opposing the notice, the Maharatna CPSU stated that for the relevant period ( 2000-2001 to 2010-2011) , it has paid all royalty, rent and taxes to the ...

SAIL's mining plans in lush forest may get canceled

SAIL produces only around 800,000 tonnes a year from a section of the Chiria mine but was targeting to raise that to 7 mn tonnes in the next few years

SAIL will get good returns after its modernisation: Aruna Sharma

India remains the next big emerging giant in steel. We are on course to lifting our steel capacity from 126 mt to 151 mt by 2020: Aruna Sharma

SAIL to export 10% of total output to new markets in Africa, Asia

Steel giant to target higher volumes, deeper reach in retail sales; will also work to improve logistics

SAIL posts 10th straight quarterly loss at Rs 539 cr

Analysts on average had expected the state-run company to post a loss of Rs 273 cr

SAIL nears 5-year high on expectation of good Q2 results; up 60% in 1-month

The stock trading at its highest level since December 4, 2014, was up 7% at Rs 85.70, extending its past two weeks 36% rally on the BSE.

SAIL signs technical pact with POSCO to reap benefits for IISCO Steel Plant

This is a result of an MoU on technical collaboration for operational improvement and human resource development

Hope alive for SAIL but no big gains soon

Profit may inch up in coming quarters, but full benefit of expansion seen only after FY20

SAIL's mining division steps up focus on environment

Realizing the need to balance development of mining with environment protection, the raw materials division of Steel Authority of India Ltd (SAIL) on last Saturday organised a one-day workshop in Kolkata. The workshop titled 'Coexistence of mining industry & forest - Challenges and way forward',primarily focused on environmental and forest issues, National Mineral Policy, differentaspects of statutory clearances, critical balance between environment and mining, wild lifemanagement, land reclamation and other environment aspects. Apart from SAIL, companies like Coal India Ltd (CIL), National Aluminium Company Ltd (Nalco), Odisha Mining Corporation (OMC), Damodar Valley Corporation (DVC), and Hindustan Copper Ltd participated in the workshop.Siddhanta Das, Director General of Forests & special secretary, Union ministry of environment & forests & climate change said, unplanned and rapid deforestation is leading to a dreadful future and impacting the climatic change ...

SAIL set to leverage domestic growth potential, banks on new product mix

The state-owned company is also making continuous product development efforts along with intensive R&D efforts

SAIL to regain its position as country's largest steel producer

Earlier, private steel maker JSW Steel had outshined SAIL to become the largest steel producing company in the country

SAIL needs to review land bank, JV holdings to pare debt: BCG

Boston Consulting Group (BCG) has suggested that public sector steel major, Steel Authority India Ltd (SAIL), review the relevance of its huge land bank and joint venture holdings in view of the cash required to deal with its debt.SAIL's debt as on March 31, 2017, was at Rs 41,396 crore, analysts said. A recent Motilal Oswal report mentioned that SAIL's net debt would continue to rise while eroding equity value. ICRA's senior vice president, Jayanta Roy, amplified, "SAIL's debt burden has increased significantly during 2016-17 to over 40,000 crore, while its networth has eroded during both 2015-16 and 2016-17 because of losses suffered. Consequently, the company's capital structure has weakened over this period." SAIL did not want to comment on the issue. The public sector steel company does have huge tracts of land. In a recent interview to a news agency, steel minister, Chaudhary Birender Singh, had said that around 1,00,000 acres of land was available with the steel PSUs which ...