No plan to undermine Bengal SAIL units: Union steel minister Dharmendra Pradhan

In his letter to Pradhan, Mitra had written, “I am deeply apprehensive that these two massive plants in Bengal would either be asset stripped or be sold off in the name of disinvestment, having crippled them through the cur

Terming the difficulties mentioned by Mitra in his June 15 letter as “perceived”, Pradhan said, “DSP and ISP are two of the prestigious plants on which SAIL has made large investments.”

Shyam Metalics grey market premium surges ahead of IPO; should you subscribe amid commodity cycle upswing?

Shyam Metalics and Energy share price in the grey market surged 43 per cent to Rs 436, ahead of its Rs 909-crore IPO, which opens next week on June 14.

Shyam Metalics IPO, Tata steel, initial public offer, grey market

RIL, ICICI Bank, GAIL, Crompton Greaves, SAIL, Parle, Mazagon Dock, JM Financial stocks in focus

Nifty futures were trading 50 points or 0.33 per cent up at 15,723.50 on Singaporean Exchange, suggesting a gap-up start for BSE Sensex and Nifty 50 on Thursday

RIL, ICICI Bank, GAIL, Crompton Greaves, SAIL, Parle, Mazagon Dock, JM Financial stocks in focus

Shyam Metalics IPO opens June 14; offer size cut to Rs 909 crore as promoters offload Rs 252 crore shares

Shyam Metalics and Energy Ltd (SMEL) Rs 909-crore initial public offering (IPO) will open for subscription on June 14, 2021.

Shyam Metalics IPO, initial public offering, IPO

Tata Steel, other steel shares ratings cut; Credit Suisse’s revised target prices still show upside

Credit Suisse has sharply downgraded ratings and target prices on shares of Tata Steel, Jindal Steel & Power, and JSW Steel, saying that the domestic steel sector’s risk-reward is now becoming unfavourable.

Steel stocks

Nifty Metal index falls 8% in 2 weeks, Tata Steel, SAIL, other stocks follow; is metal rally over?

The Nifty Metal index has now slipped for two consecutive weeks, falling 8% since May 10.

Stock market, steel stocks, Nifty metal

Covid-19: Trains to transport oxygen, industrial plants divert supply as active cases cross 18 lakh in India

As a record single-day rise of 2,61,500 coronavirus infections took India's total tally of COVID-19 cases to 1,47,88,109, authorities in the worst-hit states admitted they were running short of beds, ventilators and medicines

In the last 24 hours, 1,42,588 samples have been tested and the Test Positivity Rate (TPR) was 26.08 per cent. So far, 1,62,97,517 samples have been tested.

Shyam Metalics and Energy IPO soon; co files papers with SEBI for Rs 1,107-crore public issue

Shyam Metalics and Energy Ltd has filed draft red herring prospectus (DRHP) with the capital markets regulator Sebi to raise Rs 1,107 crore through an initial public offer (IPO).

Shyam Metalics and Energy Ltd, Shyam Metalics IPO, DRHP, SEBI

Stocks in focus: HCL Technologies, PVR, SAIL, Bharti Airtel, TCS, InterGlobe Aviation, SpiceJet

BSE Sensex and Nifty 50 were likely to open in the negative territory on Friday, as suggested by trends on SGX Nifty in early trade.

stocks in focus, ril, yes bank, hpcl, kotak bank

SAIL OFS over-subscribed 3.6 times on day one; govt to exercise greenshoe option

The government is selling 20.65 crore shares or 5 per cent of the total equity of Steel Authority of India Limited (SAIL) through the offer for sale (OFS). It has an option to sell an additional 20.65 crore share of SAIL in c

sail ofs over subscription

SAIL posts Q4 net loss of Rs 1,230.93 cr

India's largest domestic steel maker SAIL today reported a standalone net loss of Rs 1,230.93 crore for the quarter ended March 30, 2016 hit by challenging market conditions and decline is sales realisation.


China produces over half of global steel in April

The 0.5% growth in Chinese production in April, on top of a 2.9% growth in March, could have an immediate impact on Indian steel producers in case the higher output, lacking domestic demand, goes to the export market

IMG to review ArcelorMittal-SAIL JV progress this month

The move is considered to be a big one for ArcelorMittal, which is trying to enter India after failing for a decade to set up plants at Odisha and Jharkhand. Its work on the USD 6.5 billion Karnataka plant is yet to take off.

SAIL lines up Rs 6,000 crore capex for FY17

Country's largest steel maker SAIL will spend around Rs 6,000 crore this fiscal on various modernisation and expansion programmes as well as on research and development (R&D) initiatives.

Even at 9-year-low, SAIL could have to borrow for capex

Set to report a net loss for the first time in 13 years for FY16, state-run Steel Authority of India will cut its capex for the current year to a nine-year low of Rs 4,000 crore and may need to borrow even for this reduced in


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

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.

Stocks in focus today

SAIL Q3 net loss at Rs 1,529 crore on low income, import surge

Lower sales on account of "huge surge in imports of low-priced steel" from countries including China saw steel giant SAIL log a massive Rs 1,528.7 crore stand-alone net loss for the December quarter.


SAIL halves bonuses on losses

On a drive to cut operational costs amid adverse market conditions, Steel Authority of India (SAIL) has decided to reduce bonus payments to its over 70,000 non-executive employees by almost half this fiscal.


SAIL to soon launch Rs 400-crore voluntary retirement scheme

Set to report its first net loss in 13 years this fiscal, SAIL aims to reduce its workforce by 1,500.

jindal steel, metal stocks, vedanta, tata steel

Anti-dumping duty for certain stainless steel products

The anti-dumping duty will be 57.39% on the imports from China and 5.39% to 13.44% for South Korea

Prakash Kumar Singh is new SAIL chairman

SAIL has incurred a net loss of Rs 1,378 crore in H1, FY16 which includes a net loss of R1,056 crore during the second quarter.

SAIL likely to report first loss in 13 years

SAIL's financial performance has suffered mainly due to lower sales realisation which dropped 24% in Q2FY16, and a decline in sales by 6.7% from a year ago.


‘Reduce’ SAIL, target price at Rs 28: HSBC

SAIL’s adjusted (for higher DMF provisions) 2QFY16 EBITDA stood at a negative Rs 860 crore, much lower compared to profit of Rs 1,340 crore in 2QFY15.

SAIL slips into red, Q2 loss at Rs 1,056 cr

The company’s performance is set to improve in the second half with completion of the upgrade of the Hot Strip Mill at Bokaro

SAIL defers 5 year bond issue over bid rates

STEEL Authority of India (SAIL) is understood to have deferred its five-year bond issue because the company is not comfortable with the rate at which bids are coming in.

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