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PK Singh selected new SAIL Chairman

Last Updated: Monday, August 31, 2015, 21:18

Government headhunter Public Enterprise Selection Board (PESB) Monday selected Durgapur Steel Plant's CEO P K Singh for the top post at domestic steel giant SAIL.

No extension for NTPC CMD Arup Roy Choudhury; to retire today

Last Updated: Monday, August 31, 2015, 02:36

National Thermal Power Corporation Limited (NTPC) chief Arup Roy Choudhury will retire from his services on Monday, after he was denied an extension by the government.

SAIL's expansion prog planning, execution not efficient: CAG

Last Updated: Wednesday, August 12, 2015, 18:11

The modernisation and expansion programme of state-owned steel major SAIL has been marred by project delays and its implementation has been inefficient at all stages, including tendering and cost overruns, government auditor CAG said Wednesday.

SAIL's Rs 70K-cr modernisation programme complete: Tomar

Last Updated: Wednesday, July 22, 2015, 23:27

SAIL's Rs 70,000 crore modernisation programme has been completed and it will increase the capacity of the domestic steel giant to 23 million tonnes per annum (MTPA) by March next year, Steel Minister Narendra Singh Tomar said today.

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.

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.

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.

PM Modi inaugurates Rourkela Steel Plant's modernisation project

Last Updated: Wednesday, April 1, 2015, 13:00

Prime Minister Narendra Modi on Wednesday inaugurated the second modernization project of Rourkela Steel Plant (RSP) in Odisha.

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.

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.