CS Verma, Chairman of the state-run SAIL recently inaugurated a coke oven battery at the Rourkela Steel Plant, which is being modernised at an investment of Rs 12,000 crore. The battery is top charged having compound twin flue, under jet, regenerative heating with partial recirculation of waste gases. SAIL invested around Rs 1,40
Tag: SAIL
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Best performer
Virendra Singh Jain has been appointed as an independent director of Essar Oil. With an experience of over three decades at the helm of public and private sector enterprises, including two MahaĆĀ”ratnas, his wide ranging experience and financial expertise
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SAIL may complete most of expansion project by end FY14
According to a news agency report, Steel Authority of India (SAIL) may complete major portion of its ongoing expansion project by March 2014. While presently the company has a production capacity of 13.82 mn tpa of hot metal, it aims to expand it to 19.5 mn tpa by the end of 2013-14. Since 2006-07, the company has been implementing its Rs 61,870 crore mega capacity expa
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SAIL invests Rs 424 cr in April 2013
State-run Steel Authority of India (SAIL) invested Rs 424 crore on its capacity expansion project during April 2013, the company's internal note shows. It may be noted that the country's largest steel maker has been expanding capacity at all its major steel plants in Rourkela, Bokaro, Durgapur, Bhilai and IISCO. In the last seven years, the firm invested Rs 44,536 crore, out of the proposed 61,870 crore to raise the annu
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Minister not satisfied with SAIL’s performance
Union steel Minister Beni Prasad Verma was not satisfied with the performance of Steel Authority of India (SAIL) on the whole and advised the company to take corrective measures immediately. Verma said this after reviewing the March 2013 quarter and the financial year 2012-13 performance of the firm. He expressed his concern on the progress of modernisation and expansion and directed the PSU to bring
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SAIL takes steps to complete modernisation project early
Steel Authority of India (SAIL) is taking steps to ensure that the modernisation work at its IISCO Steel Plant is completed at the earliest. As part of this, CS Verma, Chairman of the firm assigned
separate jobs to different teams formed for this purpose. The company formed different teams and broke all critic
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Coking coal import of SAIL set to rise
The current expansion projects, once completed, would result in a 30 per cent growth in the import of coking coal by Steel Authority of India (SAIL) to feed its increased production capacity. In the past two fiscal years, the firm's coking coal shipments remained largely unchanged at around 10 million tonne. The steelmaker imports three-quarters of its coking coal
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Capacity of proposed Afghan steel plant reduced
Considering the lack of evacuation and other infrastructure, an Indian consortium led by SAIL decided to reduce the planned capacity of an upcoming steel plant in Afghanistan. The consortium of three state-run and four private Indian players decided to set up a smaller plant with a capacity of less than 2 million tonne (mn t) to cater to Afgh
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Cabinet to consider chartering demands of SAIL, RINL
According to unconfirmed media reports, the union cabinet may decide on whether to allow Steel Authority of India (SAIL) and Rashtriya Ispat Nigam (RINL) to charter hire vessels to import raw materials. Every year, the two firms together import around 14-15 million tonne of raw materials. As SAIL is expanding capacity to 23.46 million tonne per annum and RINL
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SAIL’s expansion project faces delay
The Parliamentary Standing Committee on Coal and Steel expressed concern about the lack of progress in the production performance of the Steel Authority of India (SAIL). During each of the last four years, the firm's production remained stagnant around 14.5 mn t of hot metal, 13.6 mn t of crude steel, 12.8 mn t of saleable stee