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No fresh investment in SAIL, RINL till project completion

For the coming three years,  SAIL & RINL must complete their incomplete projects and start getting return on their investment for  fresh fund from Centre.

SAIL, ArcelorMittal steel unit’s site to be sealed in 3 months

New Delhi : The Rs 5,000-crore autograde steel plant in joint venture between SAIL and ArcelorMittal would be set up close to an automobile hub and final decision on the site is likely in three months, a top official on Thursday said.     “It (SAIL, ArcelorMittal JV) is in the final stage now. Absolutely in the final stage,” Steel Secretary Aruna Sharma told PTI in an interview. Steel Authority of India (SAIL) and ArcelorMittal had in May, 2015 entered into a memorandum of understanding (MoU) to explore the possibility of setting up an autograde steel manufacturing facility under a joint venture in India.

After damning report, government tries to revive the steel giant SAIL and RINL

The government has set up a committee to suggest measures to fast-track the ramping up of modernisation of the steel sector public sector firms SAIL and RINL. A high-level meeting called by the Union Minister for Steel, Chaudhary Birender Singh, with senior officials in New Delhi took the decision on Wednesday. M.K. Raghavan, Kozhikode MP, had taken up the issue with the Centre.

Coal price hike: SAIL didn’t turn up for talks with CIL

New Delhi : State-owned Coal India raised the prices of coking coal in January without any discussion with its key customer SAIL as the steel major did not turn up for deliberations despite repeated pleas by the miner, a top official said on Monday.

CARE lowers rating of SAIL’s long-term debt

2016-03-17 financialexpress
Steel Authority of India (SAIL) was downgraded by CARE Ratings on Wednesday, with the rating lowered by a notch to AA+ for long-term debt worth more than Rs 15,000 crore, reports fe Bureau in Mumbai. The agency cited a subdued financial performance in the first nine months of fiscal 2015-16 that led to moderation in key credit metrics.

CARE downgrades rating on SAIL

2016-03-17 livemint
Mumbai: Ratings agency CARE Ratings on Wednesday downgraded the credit rating for Steel Authority of India Ltd (SAIL) from AAA to AA+ due to subdued financial performance.

NMDC, SAIL shares rally on firm iron ore prices, China’s metal trade data

2016-03-09 financialexpress
Shares of miners NMDC and Steel Authority of India surged upto 11 per cent on Tuesday on robust metals trade data from China and soaring iron ore prices.

Rail Budget a major boost for logistics companies, steel manufacturers

2016-02-25 thehindubusinessline
New rail lines, wagon addition, dedicated freight corridors to spur growth

SAIL to invest over Rs 10,200 cr on mines

2016-02-24 moneycontrol
To a query on demand and supply of steel, Sai said with a crude steel production capacity of about 101 MT (million tonnes) in 2013-14, India produced about 87.67 MT of finished steel with an apparent consumption of about 74.09 MT...

Coal Ministry warns SAIL of cancelling mine allotment for delays

2016-02-24 moneycontrol
The Ministry has also warned the PSU of terminating the allotment agreement if the steel firm fails to give an explanation for the delay in submission of completion notice...

Steel industry seeks special package from Centre, banks

2016-02-16 thehindubusinessline
Calls for moratorium on payment of interest and principal amount

Steel industry seeks special financial package 

2016-02-16 thehindubusinessline
The Indian Steel Association has sought a special financial package from the governmen

Indian steelmakers raise prices, but surge in value not likely

2016-02-12 in.reuters
MUMBAI/NEW DELHI Some steelmakers have raised their prices after a recent government measure to rein in cheap imports, but a surge in value is unlikely as the country's production capacity is rising faster than its domestic demand growth.

Domestic steel companies hike prices by up to 4%

2016-02-11 business-standard
Prices may be hiked further but only marginally, say industry leaders

Domestic steel firms raise product prices up to 4% post MIP imposition

2016-02-11 business-standard
Industry officials see only marginal price hikes going ahead as increased domestic production may not leave room for large upward price revision

SAIL Q3 net loss at Rs1,529 crore on low income, import surge

2016-02-10 livemint
Steel Authority of India says domestic market continues to suffer from rising imports, particularly from China, Japan and Korea

Heavy metal

2016-02-10 financialexpress
Steel Authority of India and the country’s largest aluminium manufacturer Hindalco bore the brunt of depressed prices in the international market, with the former posting its third consecutive quarterly loss during the October-December quarter and the latter seeing its net profit decline by a massive 88.74%, reports fe Bureau in New Delhi.

SAIL losses widen to Rs 1,529 crore

2016-02-10 business-standard
Last time it had gone negative in third quarter was in 2003-04

SAIL Q3 net loss at Rs 1,529 cr

2016-02-09 business-standard
Total income of Steel Authority of India Ltd (SAIL) dropped by 19.52% to Rs 8,939.12 crore during the quarter

SAIL reports Rs 1,528 crore net loss in Q3

2016-02-09 thehindubusinessline
Cheaper imports and weak demand resulting in a sharp fall in steel prices in the domes

Minimum import price will protect steel industry; no relief for aluminium makers

2016-02-08 thehindubusinessline
Steel sector benefits from being part of the IIP, says aluminium association

Top buzzing midcap stocks to trade on Feburaray 5

2016-02-05 moneycontrol
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - Tata Steel, Steel Authority of India (SAIL), JSW Steel, Arvind, Kitex Garments, CESC, Onmobile Global, Reliance Infra, MT Educare & Mphasis. ..

Bull's Eye: Buy Arvind, Pidilite, SAIL, Jet, CONCOR, Hexaware

2016-01-27 moneycontrol
Vishal Malkan of is of the view that one may buy Steel Authority of India with a target of Rs 47...

Could India Be The Steel Bright Spot In 2016?

2016-01-15 seekingalpha
Original post By Sohrab Darabshaw So what country will be the one bright spot in the global steel market this year? It's no secret that for the last four years

Just Dial, JSPL among top 10 midcap stocks that fell over 30% in 2015

2016-01-03 financialexpress
The Nifty Midcap 100 index gained 6.21 per cent till December 30 this year. The index jumped from 13,365.60 on December 31 last year to 12,583.85 on December 30 this year.