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SAIL sits on 42 mn tonnes of sub-grade ore, mulls beneficiation plant

As on March 31, 2020, SAIL valued its inventory of 42.98 million tonne at net realisable value of Rs 3,792 crore.

SAIL to 'dissolve' RMD headquarters in Kolkata, job losses feared

Steel Authority of India is set to "dissolve" its raw material division headquarters in Kolkata, a decision that would deal a blow to contractual employees associated with the unit

SAIL posts 31% jump in March quarter net profit at Rs 3,469.88 cr

Steel giant SAIL on Friday posted a 31 per cent jump in its consolidated net profit at Rs 3,469.88 crore for the quarter ended March 31, 2021, mainly on account of higher income. The company had clocked Rs 2,647.52 crore net profit during the January-March period of fiscal year 2019-20, Steel Authority of India Ltd (SAIL) said in a regulatory filing. During the quarter under review, the company's total income rose to Rs 23,533.19 crore, from Rs 16,574.71 crore in the year-ago period. Total expenses were at Rs 18,829.26 crore, as against Rs 11,682.12 crore a year ago. On a standalone basis, SAIL's net profit grew to Rs 3,443.80 crore, from Rs 2,725.16 crore in the same period of 2019-20. In January-March 2021, total income of the company rose to Rs 23,606.06 crore, from Rs 16,628.80 crore in the year-ago period. Its expenses were at Rs 18,831.16 crore, as compared to Rs 11,675.87 crore in January-March 2020. "The COVID-19 pandemic outbreak and measures to curtail it had caused ...

Stocks to watch: BHEL, SAIL, Yes Bank, National Fertilizers, Cosmo Films

A total of 57 companies are slated to post their quarterly numbers today, including BEML, BHEL, Cochin Shipyard, DLF and Edelweiss Financial Services

Stocks to watch: Tata Motors, Bata India, SAIL, MMTC, Reliance Power

The board of MMTC has approved the debt restructuring scheme of the state-owned company which envisages settlement of dues out of the disinvestment proceeds of the Neelachal Ispat Nigam Limited (NINL)

Steel stocks rally on possible price hike, SAIL tops with 4.6% spike

Rebound in Chinese steel futures fuels positive sentiment

SAIL says it's enhancing daily oxygen supply limit to 1,100 metric tonne

Steel plants are supplying liquid medical oxygen (LMO) to hospitals across the country for the treatment of Covid-19 patients

With Rs 55,500 crore m-cap, SAIL enters 100 most-valued Indian firms' club

In the intra-day today, the stock hit an over nine-year high of Rs 135.60, up 6 per cent, on the BSE. In the past six weeks, it has zoomed 85 per cent

Amid metal rally, SAIL's stock price rises 50% in one month

Analysts at Equirus believe the SAIL stock is 'poised for a big leap' with key triggers being capacity expansion, more room for price increase and captive iron ore resources

Covid-19 second wave: Steel firms get state-wise quota for supply of oxygen

The Indian steel industry has the capacity to supply about 3,000 tonnes a day of medical oxygen

FPIs increase exposure in Tata Steel, SAIL on surge in steel prices

In Tata Steel, FPI holding was up by 5.69% and in SAIL by 0.93% between October and December; in JSPL and JSW Steel, it was marginally down by 0.72% and 0.03%, respectively

SAIL shares surge 7% after best quarterly sales in March quarter

Shares of Steel Authority of India Ltd (SAIL) on Monday soared 7 per cent after the company clocked its best ever quarterly sales at 4.27 million tonnes in the latest March quarter.

SAIL hits over 2-yr high on clocking best quarterly production, sales in Q4

Aided by a healthy Q4FY21 performance, SAIL reported its best-ever annual sales volume during the financial year 2020-21

Stocks to watch: Tata Motors, RIL, Adani Enterprises, Britannia, SAIL

MCL, a subsidiary of Coal India Ltd, on Friday said it has posted a record production of148.01 million tonne and achieved the highest-ever dispatch of 146 million tonne in the 2020-21 fiscal

India's steel output reports marginal fall to over 19 MT in Jan-Feb 2021

India's crude steel output fell by 1 per cent to 19.1 million tonnes (MT) during the first two months of 2021, according to worldsteel

SAIL clocks best quarterly sales at 4.27 MT during Jan-Mar quarter

Steel Authority of India Ltd (SAIL) clocked its best ever quarterly sales at 4.27 million tonnes (MT) during the March quarter of the last fiscal year

Top headlines: Auto-debit payments, steel firms' stocks surge, and more

Here are the top business headlines on Wednesday morning

From JSW to SAIL, major steel companies' stocks show strong upside

Brokerages bullish on improving cycle and higher prices

Vedanta, Tata Steel: Steel stocks are showing strong upside. Stay invested

The Nifty Metal index is expected to enter the territory of 4,100 after surpassing the resistance of 3,950-mark decisively

Mutual funds continue to trim positions in heavyweights in February

Most large MFs remained underweight on banking and overweight on capital goods