Govt plans to sell 5% stake in SAIL through OFS, likely to fetch Rs 1,000 cr; may complete transaction in current fiscal
India fears Sino-US trade war will lead to dumping of Chinese steel; domestic industry asks govt to hike duties to 25%
India, the world’s second-largest steel producer, turned net importer in the year ended 31 March 2019 after a gap of three years.
SAIL, RINL spent over Rs 1,000 cr on R&D in last 3 financial yrs; adoption of technology key for quality steel: Steel minister
Steel companies in both private and public sectors are conducting research in iron and steel sector, Minister of Steel Chaudhary Birender Singh said.
SAIL's refusal could make it harder for the government to meet its budgeted target of raising 1.06 trillion rupees from the dividends and profit of state-owned companies
Steel minister directs SAIL to take steps to free land from encroachers in different parts of country
Steel Minister Chaudhary Birender Singh during a meeting with officials of Steel Authority of India Ltd (SAIL) expressed serious concern over encroachment of land in different plants and units of SAIL in the country
Government could lower stake in CPSEs to 49%; proposal will not include firms that are of strategic importance
The government has set a timeline of three years to lower its stake in most central public sector enterprises (CPSEs).
SAIL supplied around 85,000 tonnes of steel (TMT) for the entire Sardar Sarovar Narmada Nigam Ltd (SSNNL) project which comprises all the canals throughout Gujarat which are connected to Narmada River and Dam,
For executives, a minimum pay of Rs 30,000 per month from the current Rs 12,600 a month has been recommended by the PRC
In line with the once popular baseline of Steel Authority of India (SAIL) that "There's a little bit of SAIL in everybody's life", the state-owned PSU has supplied special steel for ISRO launch of record 104 satellites in a single rocket.