Take immediate steps to boost SAIL profitability: Parl panel

Last Updated: Sunday, December 28, 2014, 12:18

Concerned over eroding bottomline of steel giant SAIL, a Parliamentary panel has said the government should take immediate steps to boost its profit while asking the PSU management to do some "serious brainstorming" to improve output.

Bokaro to replace Bhilai as SAIL's top steel producing unit

Last Updated: Thursday, December 25, 2014, 16:37

Replacing Bhilai, the Bokaro unit will become the largest steel plant of SAIL as the state-run firm completes its next phase of expansion programme with Rs 1.5 lakh crore investment by 2025.

Govt eyes fatter share sale kitty in next year; gets Rs 18K crore in 2014

Last Updated: Tuesday, December 16, 2014, 14:04

A top banker, who has advised on some PSU share sales, said the government's disinvestment programme in 2014 began on the right note, but lost track within a few months.

Barring Burnpur, no cost overrun in SAIL's expansion: Govt

Last Updated: Wednesday, December 10, 2014, 19:42

The government Wednesday said except for a Rs 1,965 crore cost overrun in the capacity expansion of SAIL's Burnpur plant, there has been no cost escalation in the state-run firm's entire Rs 72,000 crore ongoing exercise.

India's steel consumption grows by 1.3% in Apr-Nov

Last Updated: Tuesday, December 9, 2014, 19:26

India's steel consumption grew by a moderate 1.3 percent to 48.62 million tonnes during the April-November period of current fiscal on lingering effect of the economic slowdown and slow growth in production.

General Motors to hike prices by up to Rs 20,000 from Jan 2015

Last Updated: Monday, December 8, 2014, 16:50

General Motors India on Monday said it will hike prices of its entire product portfolio by up to Rs 20,000 from next month, in order to partially offset rising input costs.

Steel cos competitive enough to counter surge in imports: SAIL

Last Updated: Sunday, December 7, 2014, 16:49

Allaying apprehensions of rising steel imports, state-run SAIL Sunday said capacity expansion of almost all steel-makers indicate that the domestic industry is resilient and competitive enough to balance it out with proportionate exports.

SAIL offer for sale subscribed more than two-times, govt gets Rs 1,715 crore

Last Updated: Friday, December 5, 2014, 17:30

Government's disinvestment drive got a tremendous start Friday, with steel major SAIL's share sale being subscribed more than two times fetching the exchequer Rs 1,715 crore.

Sebi finds 22 PSUs violating norms; SBI files for settlement

Last Updated: Friday, December 5, 2014, 16:22

Others include SAIL, ITDC, HMT, Shipping Corporation, NTPC, NHPC, STC, Nalco, EIL, REC and Neyveli Lignite.

SAIL offer over-subscribed; Govt to raise at least Rs 1,500 cr

Last Updated: Friday, December 5, 2014, 11:36

While the new government assumed power in late May, there have been no PSU share sales so far in the current fiscal.

SAIL disinvestment on today, govt to get Rs 1,700 cr

Last Updated: Friday, December 5, 2014, 08:42

The SAIL offering would be the first PSU share sale under the new government, which targets to raise Rs 43,425 crore.

Govt to sell 5% stake in SAIL on Friday; floor price fixed at Rs 83

Last Updated: Thursday, December 4, 2014, 17:43

The floor price of Rs 83/share indicates a 2.75 per cent discount to the closing price of SAIL scrip that ended 0.35 per cent down at Rs 85.35 on the BSE.