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.

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.

Steel Minister asks SAIL to check falling market share

Last Updated: Monday, June 15, 2015, 22:54

Steel Minister Narendra Singh Tomar Monday directed SAIL to increase its competitive spirit amidst the steel major's market share dipping to 14 per cent in the last fiscal from 18.8 per cent in 2009-10.

ArcelorMittal-SAIL plant project report to be ready by August

Last Updated: Monday, June 15, 2015, 15:27

According to a source, the plant size could be up to 1.5 million tonnes (MT) and the investment may be in the range of USD 850 million (about Rs 5,000 crore).

C S Verma steps down as SAIL CMD, steel secretary takes charge

Last Updated: Thursday, June 11, 2015, 16:41

Verma was appointed CMD of the country's largest steel producer for a 5-year term in June 2010 by the previous UPA government.

Govt denies SAIL Chairman extension, Steel Secy given charge

Last Updated: Wednesday, June 10, 2015, 21:58

The government has refused to extend the tenure of SAIL Chairman C S Verma till his superannuation -- making him the first 'Maharatna' PSU head to be denied extension during the current NDA regime.

India's steel & power project in Afghanistan face hurdles

Last Updated: Sunday, June 7, 2015, 17:35

"The AFISCO project has been put in cold storage. There are several issues. First, it is about the security of the personnel in that country. Then there is a question of economic feasibility as it is difficult to operate there due to a continuous conflict hurting the basic infrastructure," the source said.

India's steel consumption expected to rise 8-9% in FY16: SAIL

Last Updated: Tuesday, June 2, 2015, 17:21

India, the world's fourth-largest steel producer, saw its consumption of total finished steel grow by 3.1 per cent to 76.36 million tonnes (MT) in the last fiscal from 74.09 MT in 2013-14.

Government to extend full support to Posco: Tomar

Last Updated: Sunday, May 31, 2015, 12:19

In the past few months, Posco officials has been meeting Ministers and officials regarding investment in India's steel sector.

SAIL profit down 26% at Rs 334 cr; steel output up 10%

Last Updated: Friday, May 29, 2015, 18:55

Hot metal production grew by 7 percent to 15.41 MT from 14.45 MT and saleable steel output was almost flat at 12.84 MT from 12.88 MT during the same period.

Plunging profits, lofty losses shadow India Inc Q4 report-card

Last Updated: Friday, May 29, 2015, 18:47

Defying the growth momentum in overall economy, corporate giants including M&M and Sun Pharma as well as state-run behemoths like NTPC, SAIL and IOC today announced lower quarterly profits, while many others have fared even worse due to rising costs and weak consumer demand.