Advertisement

Latest Articles in sail

ArcelorMittal's 1 Billion Dollar India Joint Venture To Get Green Light Next Week

The much-delayed collaboration to make automotive-grade steel is nearing realisation after legal teams from SAIL and ArcelorMittal finalised a joint term-sheet in talks mediated by a government think-tank in the past two weeks, sources

Read More

SAIL's Mining Plans In Lush Forest May Be Nixed

SAIL produces only around 800,000 tonnes a year from a section of the Chiria mine but was targeting to raise that to 7 million tonnes in the next few years, to lift its steel capacity nearly four times to 50 million tonnes by 2030/31

Read More

India In Talks With Canada's Teck Resources To Buy Coking Coal

India is in talks with Canada's Teck Resources Ltd, the largest North American producer of coking coal used to make steel, for long-term purchase agreements after a cyclonic disruption in Australia cut supplies earlier this year

Read More

SAIL Spends Rs 64,562 Crore On Modernisation, Expansion Of Plants

SAIL has so far spent a total of Rs 64,562 crore on modernisation and expansion programmes, which also includes Rs 2,324 crore investment in first nine months of the last fiscal

Read More

Government Plans Stake Sales Worth $5.4 Billion In Seven PSUs

India plans to sell stakes worth $5.4 billion in seven state-run companies during the current financial year as Asia's third-largest economy looks to fund its fiscal deficit amid ramped-up spending on rural areas and infrastructure

Read More

India's Steel Industry Out Of Stress, Exports Up By 56%: Govt

India's steel industry has come out of the stress, with the exports going up by 57 per cent and imports declining by 34 per cent, the government told the Rajya Sabha on Wednesday

Read More

Govt Sets Up Panel To Revive SAIL After Damning Report

India has set up an expert panel to help revive its loss-making state steel maker after a government review found the company to be far less efficient than its rivals despite spending more than $10 billion in the past eight years.

Read More

Short Of Track, Railways Eyes Private Suppliers In Blow To Sail

Indian Railways is considering ending state-owned Steel Authority of India Ltd's virtual monopoly on supplying steel for standard rail tracks, opening up annual purchases worth up to $700 million to the private sector

Read More

SAIL, BSNL Air India Worst Performing PSUs In FY16

Coal India, ONGC and Indian Oil Corporation emerged as star financial performers among India's central public sector enterprises in 2015-16, whereas SAIL, BSNL and Air India incurred most losses, a government survey has showed.

Read More

Steel Minister Birender Singh Says He Hopes Sail, ArcelorMittal Resolve JV Issues By May

Union Steel Minister Chaudhary Birender Singh said he hoped state-owned Steel Authority of India Ltd and ArcelorMittal SA would resolve differences over building an $897 million automotive steel plant before the deadline in May to close the deal

Read More

ArcelorMittal, Sail India Joint Venture Talks At An Impasse

A proposed joint venture between state-owned Steel Authority of India Ltd and ArcelorMittal SA to build an $897 million automotive steel plant in India has hit an impasse, with the two disagreeing on key terms

Read More

BW Real 500: Troubled Times

The public sector steel giant Steel authority of india (SAIL) faces multiple challenges as profitability remains elusive

Read More

SAIL In Talks With Japan's Nippon Steel, Kobe For Tie-ups

Steel Authority of India Ltd is in talks with Japan's Nippon Steel & Sumitomo Metal Corp and Kobe Steel Ltd for potential technical agreements to help the firm expand its global footprint

Read More