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
Tag: Steel Authority of India
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SAIL undertakes expansion project
The Minister of Steel, Beni Prasad Verma informed that the Steel Authority of India Limited (SAIL) has undertaken modernisation and expansion plan at its five integrated steel plants Bhilai Steel Plant (BSP) at Bhilai, Bokaro Steel Plant (BSL) at Bokaro, Rourkela Steel Plant (RSP) at Rourkela, Durgapur Steel Plant (DSP) at Durgapur and IISCO Steel Plant (ISP) at Burnpur and Spe
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Regulatory measures do cause delay in commissioning of projects
Domestic iron ore scenario has recently improved and at present, iron ore is available. This is reflected in the softening of prices in the last few days, says CS Verma, Chairman, Steel Authority of India
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NMDC to decide on partnering with SAIL, RINL
At its board meeting in May, state-run miner NMDC is expected to take a final decision on partnering with either Steel Authority of India (SAIL) or Rashtriya Ispat Nigam (RINL) for its proposed steel project. It may be recalled that SAIL and RINL evinced interest to partner with NMDC on its proposed Rs 15,525-crore steel project at Nagarnar in Chhattisgarh
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SAIL to focus on upgrading captive mines
In order to meet the increase in iron ore requirement following the expansion of its steel plant, Steel Authority of India (SAIL) is in the process of upgrading its captive ore mines. The company plans to raise its iron ore production to 39 million tonne per annum in line with its mega expansion plan of producing over 23.6 million tonne per annu
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SAIL’s special product output rises 4% in FY13
Steel Authority of India (SAIL) produced over 5 million tonne (mn t) of special steel products designed for specific end-use in 2012-13. This is a growth of 4 percent over the last fiscal. SAIL's Bokaro unit introduced ultra high strength hot rolled and cold rolled (CR) steel, for use in auto body components in
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SAIL to focus on research and development
State-run Steel Authority of India (SAIL) plans to focus on research and development and technological upgradation in the areas of raw materials and product development in order to increase its efficiency. As part of this plan, the leading steel maker in the country decided to raise its R&D spending to 1 per cent of gross sales every year from the current level of arou
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SAIL, KIOCL to set up coke oven plant, power unit
Reports indicate that state-run miners KIOCL and Steel Authority of India (SAIL) would jointly set up a coke oven plant, which converts coking coal into coke for use in the steel mills, at Mangalore. Both the companies are expected to begin ground work for the project in the next few months after signing an equal joint venture agreement
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RDCIS completes 5 MoUs in 2012-13
According to a statement from the Research & Development Centre for Iron & Steel (RDCIS), the centre completed five memorandum of understandings (MoU) projects and 54 planned R&D projects during the 2012-13. These projects and the MoU would result in a financial benefit of Rs 570 crore, the corporate unit of the SAIL said in the statement
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Panel suggests merger of SAIL and RINL
In order to create a steel company of global scale and bring down costs of production, the Committee on Public Undertakings suggested the merger of state-owned steel giants Steel Authority of India (SAIL) and Rashtriya Ispat Nigam (RINL). In a recent report, the panel, which is a body of Lok Sabha members, asked the government to specify clearl