SAIL

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.

SAIL posts Q4 net loss of Rs 1,230.93 cr

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.

IMG to review ArcelorMittal-SAIL JV progress this month

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.

SAIL lines up Rs 6,000 crore capex for FY17

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

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

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.

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

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

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 halves bonuses on losses

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.

SAIL to soon launch Rs 400-crore voluntary retirement scheme

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.

SAIL likely to report first loss in 13 years

‘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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