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Coronavirus pandemic may take a toll on domestic steel players' expansion plans, say experts

The outbreak and spread of the COVID-19 pandemic may adversely impact the expansion plans of domestic steelmakers, according to experts

Coronavirus Outbreak: Production at SAIL, Tata Steel plants down by 50% due to lockdown

Facing reduction in demand due to the lockdown in the country, steel makers SAIL and Tata Steel have reduced their output by about 50 percent, according to sources

Coronavirus Outbreak: SAIL facing order cancellations, re-scheduling due to lockdown; JSW Steel suspends manufacturing operations

SAIL faced a marginal hit to production and some of its inventory was piled up at ports, the source said, declining to be identified due to the sensitive nature of operations.

SAIL not to shut down 3 loss-making steel units: Chairman Anil Kumar Chaudhary

State-owned Steel Authority of India Ltd (SAIL) will not close down three of its loss-making speciality steel plants if the company does not find buyers for these units, its chairman Anil Kumar Chaudhary said

Govt plans to sell 5% stake in SAIL through OFS, likely to fetch Rs 1,000 cr; may complete transaction in current fiscal

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SAIL shares zoom over 9% after company records 47% jump in sales during December

Incidentally, SAIL posted a jump of 36 percent year-on-year in sales during November and the company is consistently maintaining the growth momentum in sales, it said.

Govt begins process for next SAIL chairman; current chief A K Chaudhary's term ends in December 2020

SAIL's current chairman who assumed the position in September 2018, is scheduled to retire in December 2020

Govt bowls a googly in corporate tax cut bill, implications of low labour force participation rate; read this and more on Moneycontrol Pro

The government has introduced a bill in Parliament to implement the new corporate tax rates and replace the ordinance promulgated in September 2019.

PSU stocks grab limelight on reports of govt reducing stake below 51% in state-owned cos; BHEL jumps over 22%

PSU stocks were in huge demand on Friday and zoomed up to 22 percent, led by BHEL, in-tandem with a bullish broader market trend

Chandrayaan-2 mission: From SAIL to private players like Larsen & Toubro, Godrej Aerospace, all gave a push to Rs 978-cr unmanned spacecraft

Private sector players had a significant role to play in the success of the state-run ISRO's Chandrayaan-2 mission with companies