Page 13 - Sail

Improving realisations may help steelmakers forget Covid-19 memories

Improving realisations and cheaper raw material should help profitability, though domestic demand is yet to reach pre-Covid levels

BSE Metal index jumps nearly 4%; SAIL advances 7%, Hindalco surges 6%

SAIL gained 8 per cent to Rs 37.3 after the company on Tuesday informed it attained a sales volume of 15.83 lakh tonnes in July.

SAIL's total sales increases by 50% to 1.58 million tonnes in July

State-owned SAIL on Tuesday said its total sales grew by about 50 per cent on year to 15.83 lakh tonnes (LT) during July 2020.

SAIL's stockpile of iron ore fines give company opportunity for profit

Profits from the sale of high-grade iron ore fines could help state-owned company reduce debt

SAIL net profit rises multi-fold to Rs 2,647 cr in March quarter

The firm said it also achieved its best-ever annual sales of 14.23 million tonne (MT) during the financial year 2019-20

Market Ahead, July 10: All you need to know before the opening bell

The June quarter results of TCS will be a major focus for the Indian markets today which is also likely to decide how the rest of the IT space trades throughout the session

Coronavirus drags Tata Steel production and sales volume in Q1FY21

June sees improvement in sales, utilisation up to 80 per cent

Metal stocks rally: SAIL jumps 6%; Tata Steel, Hindalco, JSPL gain up to 4%

Tata Steel, Vedanta, JSW Steel, and Nalco were up in the range of 2.7 - 3.2 per cent.

SAIL stops operations at corporate office after staff test corona positive

Infected employees asked to home quarantine; govt-appointed agency engaged to do fumigation at firm's headquarters at Delhi's Lodhi Road

Amid coronavirus lockdown, steel demand pick-up off to a slow start

Construction activities have resumed, albeit in a staggered manner; in some pockets there is demand for yellow goods as well

Coronavirus lockdown: SAIL rings alarm bells over financial position

Impacted by customers in various sectors shutting operations

Foreseeing strong demand for steel post-coronavirus: SAIL chairman

Our decision to rely on railways, and not roadways, to transport both raw material as well as finished products is bearing fruit, says Anil Kumar Chaudhary

Coronavirus shutdown puts Rs 15-trillion debt at risk, to impact finances

These 201 indebted firms paid Rs 1.1 trillion as interest in April-December 2019

SAIL facing order cancellations, re-scheduling due to lockdown: Report

The steel companies were facing logistics issues, on one hand, and dealing with lower demand as most of the user industries were reeling from the impact of the lockdown.

New technology adds zing to Indian Railways; zinc-coated rails to be used

According to a source close to the development, the railway requirement will be about 1,000 track kilometre or approximately 120,000 tonnes of zinc every year

Metal shares tumble as coronavirus cases jump in South Korea, Italy

The IMF has predicted the epidemic would shave 0.1 percentage points off global growth

Dharmendra Pradhan directs SAIL to draw action plan to enhance production

The minister said this while interacting with officials of SAIL's Bhilai Steel Plant (BSP) in Bhilai, Chhattisgarh, the PSU said in a statement

SAIL slumps 6% amid report Govt could sell 5% stake by March 2020

The move is being seen as the government's last attempt at achieving its revised divestment target of Rs 65,000 crore for the current financial year (FY2019-20).

Govt plans to sell 5% stake in SAIL through OFS, may rake in Rs 1,000 crore

The stake sale would fetch about Rs 200 crore to the exchequer at the current market price

SAIL seeks permission from Odisha, Jharkhand to auction 70 MT fines

Depending upon the Fe content, the iron ore can fetch a price of USD 40-45 a tonne to USD 62 a tonne, an expert said