| Govt for 20% stake sale in SAIL | 19-NOV-09 |
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| The government today said it is considering a 20 per cent stake sale in steel major SAIL, proceeds of which would partly fund the company's Rs 70,000-crore expansion projects. |
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| NMDC-SAIL join hands for Himachal project | 18-NOV-09 |
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| State-owned mining company NMDC Limited and Steel Authority of India (SAIL) will jointly develop a limestone project at Arki in Himachal Pradesh with a three-million tonne per annum capacity. |
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| Government plans fund to encourage ore prospecting | 15-NOV-09 |
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| In an effort to make iron ore prospecting more attractive to private players, the steel ministry is mulling establishment of a venture capital (VC) fund to allay the risk that investors face while scouting for natural resources. |
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| PSUs must improve their global competitiveness | 27-OCT-09 |
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| The government of India directly owns 85.82 per cent of the country’s largest steel producer, SAIL, which has caused a surprise of the pleasant kind by emerging as the most profitable in its genre of the world industry. The ownership of the government would be even more if the holdings of financial institutions and banks are considered. We are not taking stock of that now. |
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| SAIL divestment next in line, 20% FPO on cards | 21-OCT-09 |
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| Disinvestment in the Steel Authority of India (SAIL) seems to be on the cards, with the government considering a two-phase, follow-on-public offer (FPO) of the Navratna. This will fetch the Centre over Rs 8,000 crore at current share prices. |
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| 'Steel capacity must be 150 mt by 2015' | 07-OCT-09 |
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| Union steel minister Virbhadra Singh wants creation of capacity to keep pace with growth in demand. He believes the only way to surmount the problems in land acquisition for mega projects is to have a more humane approach to compensating land givers. In an interview with Kunal Bose, he says the capacity consolidation he is promoting in the public sector will make it more vibrant. |
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| Achieving steel capacity of 124 MT by 2012 doubtful | 29-SEP-09 |
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| Honestly, there are not many takers for the government projection of India achieving a steel capacity of 124 million tonnes in the next three years and 150 million tonnes by 2015. Doubts of capacity doubling in three years arise as none of the big-ticket investments promised by some major foreign and domestic groups has been off the ground for one reason or another. |
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| Steel Ministry to focus on expansion, modernisation | 21-SEP-09 |
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| The Steel Ministry will focuss on expanding production and modernising manufacturing units under a two-phase capacity building programme. After achieving success in curbing rising steel prices under its 100-day agenda, the ministry has planned massive enhancement of production capacity and modernisation of the existing steel manufacturing units as future agenda, Union Steel minister Virbhadra Singh said. |
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| Newsmaker: Ghulam Nabi Azad | 14-AUG-09 |
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| Azad was always a reluctant chief minister; coping with the swine flu scare might make him yearn for his former job. |
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