Before the end of the financial year 2012-13, the government plans to offload 10.82 per cent of its stake in state-owned Steel Authority of India (SAIL) and garner Rs 2,700-3,500 crore. The department of disinvestment (DoD) in holding discussions with the steel ministry on this matter and soo
Tag: SAIL
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Govt aims upto Rs 35 bn from stake sale in SAIL
Before the end of the financial year 2012-13, the government plans to offload 10.82 per cent of its stake in state-owned Steel Authority of India (SAIL) and garner Rs 2,700-3,500 crore. The department of disinvestment (DoD) in holding discussions with the steel ministry on this matter and soo
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DSP posts 5% growth in steel output
The production of saleable steel by the Durgapur Steel Plant of SAIL rose 5 per cent in January from the year-ago month. The company also witnessed expansion in output across major categories such as hot metal, crude steel, continuous casting, blend mix and sinter during the month. The company produced 121,150 tonne of special steel and
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DSP posts 5% growth in steel output
The production of saleable steel by the Durgapur Steel Plant of SAIL rose 5 per cent in January from the year-ago month. The company also witnessed expansion in output across major categories such as hot metal, crude steel, continuous casting, blend mix and sinter during the month. The company produced 121,150 tonne of special steel and
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DSP posts 5% growth in steel output
The production of saleable steel by the Durgapur Steel Plant of SAIL rose 5 per cent in January from the year-ago month. The company also witnessed expansion in output across major categories such as hot metal, crude steel, continuous casting, blend mix and sinter during the month. The company produced 121,150 tonne of special steel and
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Merchant bankers await earnings results of SAIL
Agency reports indicate that the merchant bankers appointed for disinvestment in Steel Authority of India (SAIL) would get a clear idea on the financial health of the firm after it announces its December 2012 quarter results in a few days. The government selected merchant bankers for SAIL share sale, including SBI Caps, Kotak Mahindra and Deut
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SAIL chief calls for focus on rural market
CS Verma, Chairman of SAIL remarked that there is tremendous scope for sale of steel in rural India given that per capita consumption of the alloy is at a level of only 15 kg in rural areas. Verma said this while reviewing the performance of the eastern region sales force of the company's Central Marketing Organisation (CMO) recently
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Steel firms seek alternate funding sources
According to some reports, India's steel production capacity may rise to 200 million tonne per annum (mn tpa) by 2020 from the current level of around 90 mn tpa and this would require an investment of $110 billion in the next six-seven years. According to the working group on steel industry for the 12th Five Year Plan, the sector may need an investment of Rs 2.5 lakh crore up to 2017 for adding 60 mn t
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Reports suggest possible rise in steel prices
Agency reports quoted officials from some public sector steel firms as saying that domestic steel prices may recover going forward because of improving demand and rising global prices. While state-run Rashtriya Ispat Nigam (RINL) is among the few domestic firms that had effected price hikes, Steel Authority of India (SAIL) expects to raise price
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SAIL-led consortium to meet Afghan officials
The Indian consortium, that won the bid to mine iron ore reserves in Hajigak near Kabul in Afghanistan over one year ago, would meet officials of mining ministry in the country in a month's time. Although the consortium bagged the mining asset over a year ago, it has not signed a mining contract with the Afghan government because of contentious