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SAIL OFS oversubscribed 3.6 times on day one; govt to use greenshoe option

The government's sale of its 5 per cent shareholding in India's largest steelmaker SAIL was over-subscribed 3.6 times on the first day of its opening

Sensex ends 92 pts higher, Nifty near 14,600; SAIL tanks 10%, HAL up 9%

Stock market LIVE updates: The Nifty sectoral indices were mixed, with gains in Nifty Pharma and Nifty FMCG indexes, up 0.8% and 0.7%, respectively being offset by losses in Nifty Metal, down 1%

SAIL dips 10% after government sets floor price at Rs 64 for OFS

The government has decided to sell up to 206.5 million shares, or 5 per cent of total equity, of SAIL through OFS

Stocks to watch: Infosys, Wipro, SAIL, HAL, IndusInd Bank, NHPC, 5Paisa

The government will sell up to 10% stake in SAIL via OFS on January 14-15

Better market conditions, higher output help SAIL pare debt from peak level

Company says net debt down 15% from a peak of Rs 52,290 cr as on April 30, 2020, to Rs 44,308 cr on Dec 31, 2020

At least four workers die after gas leak at SAIL's Rourkela plant

The mishap took place at a coal chemical department facility in the morning when 10 workers were on duty there

Rourkela Steel Plant sets records in production, dispatch despite Covid

Rourkela Steel Plant, a unit of the state-run SAIL, said it has set records monthly hot metal production of 4,06,397 tonnes and crude steel output of 3,62,388 tonnes in December

Soma Mondal takes over from Anil Kumar Chaudhary as SAIL Chairman

In a company statement, Mondal said that the first target is to improve the financial performance of SAIL

SAIL hits 2-year high, zooms 100% in 2 months on strong earnings outlook

Analysts at Edelweiss Broking expect SAIL's performance to improve further driven by realisation uptick, volume growth and iron ore sales providing an additional revenue stream

SAIL turnaround most challenging phase in 36-yr career: Outgoing chairman

The turnaround of SAIL from several quarters of losses was one of the most challenging experience, said Anil Kumar Chaudhary, the outgoing Chairman of the country's largest steel maker

Smaller steel producers trail top six players in scaling up production

Shortage of iron ore, spike in input costs are the major impediments

Steel firms say they are bullish on demand, prices after coronavirus crisis

Recovery has been sharp after the economy opened up, say industry leaders at a conclave

Global price hikes strengthen steel manufacturers; sectoral m-cap up 43%

The top 13 iron and steel firms now have a combined m-cap of Rs 2.45 trillion, up from Rs 1.7 trillion at the beginning of October

Steel Authority of India hits 52-week high; stock zooms 55% in one month

The company registered the best ever saleable steel Q2 production of 3.752 MT in Q2FY21 surpassing the previous best of 3.658 MT achieved during Q2FY18

Tata Steel, JSW Steel: Metal stocks poised for further upside, charts show

Nifty Metal has successfully conquered the 2,500 mark and is set to move towards 200-WMA, which stands at 2,969 levels.

Stock picks by Nilesh Jain of Anand Rathi: Buy Adani Gas, Aarti Industries

Adani Gas stock is on the verge of a major breakout from a symmetrical triangle formation on the daily chart

Steel companies lean on Indian market, post strong volume sales in Q2FY21

They have also been hiking prices almost every month, the latest being in October by Rs 1,500-2,000 a tonne, depending on the product category

SAIL exploring new markets to source coking coal: Chairman Anil Chaudhary

State-run steel maker SAIL is exploring new markets for the sourcing of coking coal with a view to reducing dependence on select countries for the raw material, its chairman Anil Kumar Chaudhary said

Supplied 9,000 tonnes of steel for all-weather Atal Tunnel, says SAIL

SAIL on Friday said it has supplied over 9,000 tonnes of steel for the all-weather Atal Tunnel which reduces the distance between Manali and Leh by 46 kms

SAIL board restructuring gets ACC approval, to bring in greater efficiency

The Appointments Committee of the Cabinet (ACC) has approved the restructuring of the Board of Steel Authority of India Limited