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Anil Kumar Chaudhary takes charge as chairman of Steel Authority of India

Anil Kumar Chaudhary Saturday took charge as chairman of state-owned Steel Authority of India Limited (SAIL), an official statement said. Prior to this, he was director (finance) of SAIL since 2011. SAIL is the largest steel-making company in India and one of the seven Maharatnas of the country's Central Public Sector Enterprises. "A graduate from the University of Delhi, Chaudhary joined SAIL in 1984 as junior manager (F&A). "Working his way, he rose to the rank of executive director (finance & accounts) at Bokaro Steel Plant in 2010. In 2011, he became the director (finance) of the company," said an official statement. An associate member of the Institute of Cost Accountants of India (ICAI) and the Institute of Company Secretaries of India (ICSI), Chaudhary is an alumni of the Faculty of Law Studies (FLS), from where he completed his bachelor's degree in law.

Anil Kumar Chaudhary appointed as new SAIL chairman, to replace P K Singh

The post of SAIL chairman fell vacant on June 30 with the retirement of P K Singh

SAIL declines govt call for dividend, says does not have cash, bank balance

SAIL's refusal could make it harder for the government to meet its budgeted target of raising Rs 1.06 trillion from the dividends

Product mix to aid SAIL's realisations; analysts remain positive on stock

Most of SAIL's plants are no longer posting losses at the operating level as was the case a year ago

SAIL prepares to exit non-operational, non-performing joint venture firms

SAIL has formed joint venture companies in different areas, namely power generation, rail wagon manufacturing, slag cement production, securing coking coal supplies from overseas sources, among others

With good steel demand, SAIL's profitability improvement continues

While steel demand and outlook bodes well, improving product mix should help sustain the gains in margins

A year after Rs 8-bn loss, SAIL posts net profit of Rs 5.4 bn in Q1

During the first three months of the current fiscal, its saleable steel production was 3.61 million tonnes (mt) which rose 13 per cent over same period last year

Manpower issues: Staff rationalisation to continue in FY19, says SAIL

Its employee total was 76,800 as on April 1, from 118,000 in the year 2010 - 16 per cent of total cost, from the earlier 21 per cent

SAIL-ArcelorMittal JV for specialised steel stuck on 30-year clause

ArcelorMittal wants a long-term binding agreement, at the end of which the two companies could take a call on whether to continue with the venture

SAIL raw material division logs record iron ore output, despatches volumes

SAIL ascribed the healthy growth in production and despatch numbers to a string of systemic changes

We are concentrating on greenfield expansion, says SAIL's PK Singh

SAIL that lost its pole position in the domestic steel capacity to JSW Steel and Tata Steel has worked over the past few years to bring in operational and production efficiency

Better FY19 for SAIL after strong Q4: Rising volumes to drive earnings

Operating profit at Rs 26.24 billion in Q4 was the highest in 27 quarters

SAIL likely to report average annual volume growth of 11% for FY19

Rising infrastructure and housing demand will drive demand for these products

BSE PSU index hits 52-week low; SAIL, NMDC down over 5%

The S&P BSE PSU Index was down 1.7% at 7,855 as compared to 0.14% decline in the S&P BSE Sensex at 10:31 am.

SAIL crude steel production up 9% to 1.27 mn tonnes; targets higher output

SAIL is in the final leg of completing the modernisation and expansion

SAIL records robust turnaround: Expansion plans continue to drive volumes

The company's higher realisation and cost initiatives have pushed up profitability

Rails supplied to railways are totally defect free, says SAIL

The statement comes in the wake of railways inviting a global tender to plug the shortfall in supply of rails from Steel Authority of India Ltd

SAIL must step up efforts to compete with pvt players, suggests Parl panel

Parliamentary panel also directed the PSU to ensure that all its plants are operated at full installed capacity.

SAIL moves Odisha HC to quash demand of Rs 47 crore for excess mining

State run steel maker Steel Authority of India Ltd (SAIL) has moved Odisha High Court for quashing the demand notice asking to pay Rs 47,49, 46,999 by December 31, 2017,The demand notice states that SAIL, the mine lease holder of Bolani mines spreading over an area of 1321.45 hectares, has undertaken production of iron ore from the mining lease hold area in excess of the lower of the approved limits of production under mining plan and consent to operate during 2000-2001 to 2010-2011.The notice also made clear that the demand is relatable to recovery of price of minerals produced without or beyond the mining plan and consent to operate alone under Section 21 (5) of the MMDR act, 1957 and does not include recoveries under Section 21 (5) of the said act for violation of EC (environment clearance ) and FC (forest conservation).Opposing the notice, the Maharatna CPSU stated that for the relevant period ( 2000-2001 to 2010-2011) , it has paid all royalty, rent and taxes to the ...

SAIL's mining plans in lush forest may get canceled

SAIL produces only around 800,000 tonnes a year from a section of the Chiria mine but was targeting to raise that to 7 mn tonnes in the next few years