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ArcelorMittal, SAIL to set up steel plant in India

Last Updated: Friday, May 22, 2015, 20:43

NRI billionaire Lakshmi Mittal-led ArcelorMittal on Friday partnered PSU giant SAIL to set up an automotive steel plant with an estimated Rs 5,000 crore investment, taking a fresh shot at entering India after nearly a decade-long wait for its earlier projects to take off.

Iran asks India to lower prices of rail tracks

Last Updated: Wednesday, May 20, 2015, 19:43

Emboldened by prospects of West lifting years of sanctions, Iran has asked India to lower prices of rail tracks it had offered to supply in a tender.

SAIL completes Rs 6,325-cr expansion of Bokaro plant: Govt

Last Updated: Wednesday, May 13, 2015, 15:49

State-run SAIL has completed the current phase of the modernisation and expansion of the Bokaro Steel Plant with an investment of Rs 6,325 crore, Parliament was informed Wednesday.

NMDC in pact to set up ultra mega steel plant in Chhattisgarh

Last Updated: Monday, May 11, 2015, 20:14

"NMDC, under the Ministry of Steel signed MoU for setting up ultra mega steel plant in Bastar region.

SAIL to pump Rs 1,50,000 crore by 2025

Last Updated: Sunday, May 10, 2015, 21:58

SAIL, the country's largest steel maker, has charted investment of Rs 1,50,000 crore till 2025 to ramp up steel production from 24 million tonnes to 50 million tonnes.

PM Narendra Modi dedicates Rs 16,000 crore revamped SAIL Burnpur plant to nation

Last Updated: Sunday, May 10, 2015, 09:45

In his maiden visit to West Bengal as Prime Minister, Narendra Modi on Sunday dedicated the Rs 16,000-crore revamped and modernised IISCO Steel plant at Burnpur to the nation.

Subdued demand hits SAIL, sales decline by 2.3% in FY'15

Last Updated: Tuesday, May 5, 2015, 17:57

Sales of steel major SAIL took a hit of 2.3 percent at 11.8 million tonne (MT) in the fiscal ended March, 2015, due to subdued demand in during the July-December period.

Posco, SAIL in talks for setting up a steel plant: Govt

Last Updated: Monday, April 20, 2015, 16:07

"SAIL and Posco recently discussed possible collaboration opportunities including setting up of an integrated steel plant," Minister of Steel and Mines Narendra Singh Tomar told Lok Sabha in a written reply.

Fitch downgrades SAIL's credit profile to 'negative'

Last Updated: Wednesday, April 8, 2015, 21:05

Rating agency Fitch on Wednesday downgraded Steel Authority of India Ltd's (SAIL) credit profile to 'negative' from 'stable' stating subdued operating performance.

Explore solar power: SAIL Chairman

Last Updated: Monday, April 6, 2015, 20:35

A company statement, quoting him, said the Chairman urged the officials to explore tapping environment friendly solar energy.

UPA must explain money lost in coal allocations: PM Modi

Last Updated: Wednesday, April 1, 2015, 17:50

Terming the recent Rs 2-lakh crore coal auction as a major success, Prime Minister Narendra Modi on Wednesday said the previous UPA government should explain where did the money go when it had allocated 204 mines.

PM Modi dedicates SAIL's RSP project to nation; asks industry to up production

Last Updated: Wednesday, April 1, 2015, 13:56

India needs to boost its steel production to surpass China to become the biggest producer in the world, Prime Minister Narendra Modi on Wednesday said as he dedicated to the nation Rs 12,000-crore expansion project at the SAIL's Rourkela Steel Plant (RSP) here.