Page 2 - Steel Authority of India Ltd News

Q4 metal preview: Steel rebound to drive growth; non-ferrous mixed bag

Most brokerages expect a healthy improvement in earnings for the ferrous sector, with Ebitda growth likely on both a year-on-year (Y-o-Y) and quarter-on-quarter (Q-o-Q) basis

SAIL's Rourkela plant posts record output across key units in FY26

Rourkela Steel Plant achieves record output across key units and improves efficiency metrics, driven by higher capacity utilisation and operational stability in FY26

SAIL chief Amarendu Prakash resigns; Krishna Kumar Singh gets interim role

Steel Authority of India Ltd (SAIL) Chairman and Managing Director Amarendu Prakash has resigned from his post, effective April 2, following approval from the steel ministry, a regulatory filing said. In the interim, company's Director (Personnel) Krishna Kumar Singh has been given additional charge of Chairman and Managing Director for three months from April 2 to July 1, 2026 or until a regular incumbent joins or until further orders, whichever is earlier, as per a steel ministry order. In a filing to the BSE, SAIL said that Prakash tendered his resignation notice to the ministry on January 2. "The Competent Authority has approved his resignation from the post of Chairman and Managing Director, SAIL w.e.f. 1 April 2026. Accordingly, Amarendu Prakash, Chairman and Managing Director, SAIL has ceased to be a member of the SAIL Board, w.e.f. 1 April, 2026," the filing said. In his resignation letter to the government, he said, "I request for an early release and commensurate notice

Steel, aluminium stocks slide amid reports of Trump's 25% tariff plan

The Nifty Metal index fell over 3 per cent to hit an intraday low of 11,052.55, dragged by Hindustan Copper, Hindustan Zinc, APL Apollo Tubes, Tata Steel, SAIL, Adani Enterprises, and Jindal Steel

Nifty Metal gains 1% in weak mkt; Nalco, Hindalco, Vedanta lead rally

At 9:40 AM, individually, among others on the National Stock Exchange (NSE), National Aluminium Company (Nalco) jumped 6.11 per cent, followed by Hindalco up 4.3 per cent, Vedanta rose 3.66 per cent

How is West Asia conflict impacting metal companies? Axis Sec decodes

Nifty Metal fell as much as 1.6 per cent in trade to day's low at 11,156.7. At 10:49 PM, 14 out of 15 stocks on the index traded with losses

Nifty Metal gains 3%; Tata Steel, JSW, LloydsME jump up to 7%: Here's why

Excluding National Aluminium, 14 of 15 index constituents rose on Friday, with Lloyds Metals & Energy, Tata Steel, JSW Steel, Jindal Steel, and APL Apollo Tubes gaining over 3 per cent each

Steel stocks in focus: SAIL, Tata Steel, JSW, Jindal Steel rally up to 4%

In the ferrous space, analysts at ICICI Securities don't foresee any major impact due to ongoing geopolitical tensions as exports share of total steel production is pegged at <6 per cent.

Nifty Metal index plunges 4%; Nalco, Hindalco, Tata Steel crack up to 7%

Nifty Metal index: At 10:45 AM on Friday; the metal index was the top sectoral indices loser down 4.3 per cent as against 1.3 per cent decline in the Nifty 50.

SAIL an attractive risk-reward play, says ICICI Direct; sees 33% upside

SAIL share price target: ICICI Direct said that SAIL trades at a lucrative valuation vs peers with a healthy balance sheet. The brokerage has assigned 'Buy' call for a target of ₹200

Nifty Metal tanks 4% as West Asia tensions spike: Here's what analysts say

Metal shares declined on Wednesday, following weakness in global markets and a broad-based risk-off sentiment triggered by escalating geopolitical tensions in West Asia

SAIL hits 20-mth high, gains 4%; Emkay Global lifts TP, expects 21% upside

Steel Authority of India (SAIL) jumped 3.9 per cent to ₹167.20, the highest level since June 3, 2024, on the National Stock Exchange (NSE) today.

Nifty Metal index rallies 3%; Vedanta, Lloyds, Nalco, SAIL rally up to 5%

Tata Steel, JSW Steel and Jindal Steel hit their respective all-time highs on the NSE today

Voda Idea, DLF, RBL Bank among 18 F&O stocks to attract 15% higher margin

The NSE to levy 15% additional margin on equity derivatives in which top 10 clients account for more than 20% MWPL from March F&O series onwards; withdraws additional margin on Gold, Silver futures.

SAIL moves court after CCI flags suspected cartelisation in steel industry

SAIL has sought detailed findings from the CCI after the regulator indicated suspicion of cartelisation among major steelmakers, prompting the PSU to initiate legal steps

Steel stocks SAIL, Tata, JSL, JSW, Jindal gain up to 2%; here's why

The policy support, safeguard measures, and the likelihood of regulatory adjustments are improving industry visibility, say analysts.

Nifty Metal falls 3% as investors book profit; buy the dips, say analysts

Thus far in CY26, the Nifty Metal has been the best performing sectoral index that moved up around 10 per cent, ACE Equity data shows. In comparison, the Nifty 50 index lost nearly 1 per cent

Tata, JSW, Jindal Steel at new high; rally up to 18% in 1 month; here's why

India's steel consumption to grow by 8 per cent- 9 per cent in the next few years, aided by strong demand from the infrastructure, construction and manufacturing sectors, believe analysts.

Nifty Metal cracks 5%, sees sharpest intra-day fall in 9 months; here's why

Metal stocks today: Hindustan Copper, NALCO, Vedanta, Hindustan Zinc, Hindalco Industries and NMDC were down in the range of 6 per cent to 11 per cent on the NSE in Friday's intra-day trade.

Q3 results: Nestle India, NTPC, SAIL, Ambuja Cements, 153 others on Jan 30

Q3FY26 company results: Firms including Power Grid Corporation of India, Bajaj Auto, Bank of Baroda, Procter & Gamble Hygiene and Health Care are also to release their October-December earnings today