Cs Verma

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

The country's largest steel producer had posted net profit of Rs 453 crore in the January-March quarter of the 2013-14 fiscal.

SAIL on expansion drive, plans Rs 1.2 lakh cr investment

The state-owned steel maker, which currently has 14 mtpa capacity, said most of the planned expansion would be carried out through brownfield expansions.

SAIL sees FY13 capex at $2.9 bn: chairman

State-run Steel Authority of India Ltd will spend about Rs 145 billion on capital expenditure in the next fiscal year, up 15 percent from the current year, adding 5 million tonnes of capacity, its chairman said.