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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

SAIL supplies special steel plates for Gaganyaan space mission

SAIL-BSP has been contributing to India's space programme of launching satellites at regular intervals

Will SAIL-BSP be able to complete the Indian Railways order this fiscal?

Company racing towards fulfilling railways' requirement of 1.35 million tonne

4 firms to list commercial papers on BSE for Rs 9,400 crore issue size

Steel Authority of India Ltd, Kotak Mahindra Prime Ltd, Manappuram Finance Ltd and JM Financial Products Ltd are the firms

JSPL to focus on Housing and Railways; aims to become debt-free by 2023

Firm is looking at a 50% demand growth coming from housing segment, eyes 25% uptick from Railways

SAIL-BSP completes supply of naval grade plates for Navy's special vessels

BSP's plate mill despatches 1,938 tonnes of IRS grade-B plates out of the ordered quantity of 1,995 tonnes by Hindustan Sipyard between April and December

Govt begins search for next SAIL chairman, position gets vacant in Dec 2020

A K Chaudhary, SAIL's current chairman assumed the position in September 2018, is scheduled to retire in December 2020

Govt taking measures to address challenges in steel sector: SAIL chairman

He was speaking at a session on 'India: Roadmap to a $5 trillion economy' organised by industry chamber FICCI here.

Govt taking steps to meet input challenges in steel sector: SAIL chairman

Issues include iron ore allocation, coking coal crunch and high cost of producing steel in India

Disruption likely in steel industry after March as mine leases expire: SAIL

Coking coal and iron ore are the two key raw materials needed for making steel.

Steel, iron ore companies likely to add 13 mt of capacity by FY22

While 13 mt is likely to be the addition in the next two years, by FY25, the ministry is expecting 28-30 mt from the current planned capacity expansions of existing players

SAIL reworks marketing strategy to draw high volume sales in November

Company clocks 36% YoY rise in volume sales to 1.40 million tonnes

Steel makers hopeful of 300 million tonne production target by 2030

Steel makers on Thursday expressed hope that the sector will achieve the target of 300 million tonne production by 2030, if certain impediments on raw materials, finance and logistics are addressed. "I am confident that India will achieve the aim by 2030. Domestic demand will grow... India will become exporters of steel," Steel Authority of India's Bhilai plant CEO Anirban Dasgupta said. He was speaking at a steel seminar on 'Roadmap for 300 Million Tonne Vision 2020' here. Shyam Steel Director Manish Beriwala, not undermining the potential of the steel sector, highlighted concerns about capital costs that is the "highest in India", and the need for funds at competitive rates. The country requires about Rs 13 lakh crore and 600 million tonne of raw material to meet the target, said Harvinder Singh, president and SBU head - Sales & Marketing, Jindal Steel & Power Ltd. Beriwala said the government should focus on inland waterways, as well as the National Mineral ...

SAIL awaits ArcelorMittal response to take joint venture plans forward

SAIL chairman A K Chaudhary said this while replying to a question related to the progress in talks with ArcelorMittal for setting up a joint venture