India’s Largest Road Construction Expo has attracted exhibitors from all over India and has been sold out in Mumbai for Oct 9-10 at Jio World Convention Centre Mumbai, October 1, 2024 – Excitement is building as the 10th India Construction Festival approaches, set to take place on October 9th and 10th at the Jio Convention...
Tag: Steel Authority of India
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SAIL to expand global footprint
Steel Authority of India (SAIL) is in talks with Nippon Steel, Sumitomo Metal Corp and Kobe Steel for potential technical agreements to help it expand its global footprint. SAIL may also consider buying troubled domestic steel firm assets if offered a cheaper price.
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SAIL in talks with Nippon Steel, Kobe for collaboration
Steel Authority of India (SAIL) is in talks with Nippon Steel, Sumitomo Metal Corp and Kobe Steel for potential technical agreements to help it expand its global footprint.
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Odisha aims to reopen18 more mines by July-end
The state mines department has set an internal timeline to restart operation at 18 more mines, which were closed by the Supreme Court order, pending second and third renewal of their lease terms, by the end of July next.
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Steel Ministry’s PSUs to invest Rs 15,000 cr on expansion
To modernise their set up and expand their operations, metal and mining PSUs-SAIL, NMDC and RINL plan to invest nearly Rs 15,000 crore next fiscal. Steel Authority of India (SAIL) will spend Rs 9,000 crore next fiscal, followed by iron ore miner NMDC Rs 4,345 crore and Rashtriya Ispat Nigam (RINL) Rs 1,600 crore to expand and modernise their operations.
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SAIL to up iron ore output to 43 mn tonne
Government-owned Steel Authority of India (SAIL) plans to raise the iron ore production capacity to 43 million tonne per annum by 2015-16 from the existing 28 mtpa. India's largest steel maker, which is also the second-largest iron ore producer after NMDC, also believes that with the ongoing and proposed expansion at the mines, it would be able to achieve 58 mtpa iron ore production by 2020.
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SAIL to raise operational efficiency, save cost
Steel Authority of India (SAIL) would adopt several steps to increase operational efficiency and thereby save Rs 5,000 crore in cost over the next three years. The state-run steel maker said in a statement after a ‘Strategic Confluence on Cost Control and Cost Competitiveness’ at its Management Training Institute in Ranc
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SAIL plans to sell 1 mn t steel through dealerships
Through its dealers, state-run Steel Authority of India (SAIL) plans to sell 1 mn t of steel, SS Mohanty, Director (technical) of the firm said. He said this while addressing the Annual Dealer's Award ceremony. The event was conducted to award the company's outstanding dealers in the Eastern Region
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SAIL invests Rs 421 bn on capacity expansion plan
Till July 2013, state-run firm Steel Authority of India (SAIL) invested Rs 42,101 crore out of the proposed Rs 61,870 crore it plans to spend on modernisation and expansion of its existing facilities. Through this investment, the company plans to raise its crude steel production capacity to 21.4 million tonne per annum (mn tpa) from 12.8 mn tpa now
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Rupee depreciation to hit steel firms
Analysts feel that the depreciation of rupee against the dollar may affect the bottomlines of steel companies further. Already, companies like JSW Steel, Steel Authority of India (SAIL) bore the brunt because of the unfavourable exchange rate. The depreciating rupee may further hurt the cost of production of steel companies in turn affecting their mar