Page 2 - Steel Authority of India Ltd News

Hindustan Copper soars 43% in Sept; here are 2 key reasons behind rally

Spike in copper prices, extension of Rakha mining lease deed by another 20 years seems to be the key reasons behind the sharp rally in Hindustan Copper stock.

Tata Steel, SAIL, Jindal rally up to 10% in Sept; is there more steam left?

Technical charts suggests that steel stocks are favourably placed on the charts, and could see a multi-month rally with a potential upside up to 24 per cent from here.

Tata Steel hits 52-week high, SAIL rallies 3%; what's driving steel stocks?

Steel stocks in demand: In past five trading days, the BSE Metal index outperformed the market by surging 6 per cent, as against 0.98 per cent rise in BSE Sensex.

Nifty Metal index surges 3%; why Tata Steel, SAIL rallied up to 6% today?

Metal stocks were in demand on Wednesday amid buzz that the government may reallocate non-operational iron ore mines held by SAIL and OMC.

SAIL supplies 8,000 tonnes of critical steel for Indian Navy frigates

State-owned SAIL on Tuesday said it has supplied around 8,000 tonnes of critical-grade steel for the Indian Navy's advanced frontline frigates, INS Udaygiri and INS Himgiri, which were launched by Defence Minister Rajnath Singh. Singh commissioned the two multi-mission stealth frigates at the Eastern Naval Command of the Indian Navy at Visakhapatnam in Andhra Pradesh. Udaygiri and Himagiri come from the Indian Navy's latest state-of-the-art Project 17 A and the commissioning marks the first occasion when two frontline surface combatants constructed at two different shipyards were commissioned simultaneously. In a statement, SAIL said, "It continues a crucial partnership with the nation's defence sector by supplying approximately 8,000 tonnes of critical-grade steel for the Indian Navy's advanced frontline frigates, INS Udaygiri and INS Himgiri." The company supplied material from its steel plants in Bokaro, Bhilai, and Rourkela. By developing and providing critical-grade steel for

SAIL's Bhilai steel plant in Chhattisgarh hits key operational milestone

The MRD dispatched the highest-ever 75 trips of unprocessed LD slag, totalling 2,345.30 tonne in a single day. The earlier record was of 72 trips and 2,267.50 tonne, achieved on August 16

Metal index soars nearly 3% led by JSPL, SAIL, Tata Steel; here's why

At 12:37 PM; Nifty Metal index, the top gainer among sectoral indices, was up 2.6 per cent, as compared to 0.57 per cent rise in Nifty 50.

CAG pulls up steel maker SAIL for over-consumption of imported coal

Steel maker SAIL consumed imported coal more than the permitted levels between 2016 and 2023, resulting in additional expenditure to the extent of Rs 2,539.68 crore, a CAG report has said. CAG also flagged that Steel Authority of India Ltd (SAIL) had not fixed any benchmark for inventory carrying cost per tonne of raw material, semi-finished material and finished goods. This happened despite the fact that on an average, SAIL had an inventory of Rs 21,698 crore during 2016-17 to 2022-23, constituting about 67 per cent of its current assets, the CAG report said. As per the report titled 'Inventory Management in SAIL', the company's "steel plants consumed imported coal more than the norms fixed by the management". "Higher consumption of imported coal which was costlier than the indigenous coal resulted in potential additional expenditure to the extent of Rs 2,539.68 crore during 2016-2023," the Comptroller and Auditor General (CAG) report said. The report of the CAG of India on ...

SAIL shares slide 5% as Q1 profit, revenue drop sequentially; details here

SAIL shares fell 5 per cent after it reported a sequential decline in net profit and revenue for Q1FY26