Page 17 - Sail

SAIL posts 10th straight quarterly loss at Rs 539 cr

Analysts on average had expected the state-run company to post a loss of Rs 273 cr

SAIL nears 5-year high on expectation of good Q2 results; up 60% in 1-month

The stock trading at its highest level since December 4, 2014, was up 7% at Rs 85.70, extending its past two weeks 36% rally on the BSE.

SAIL signs technical pact with POSCO to reap benefits for IISCO Steel Plant

This is a result of an MoU on technical collaboration for operational improvement and human resource development

Hope alive for SAIL but no big gains soon

Profit may inch up in coming quarters, but full benefit of expansion seen only after FY20

SAIL's mining division steps up focus on environment

Realizing the need to balance development of mining with environment protection, the raw materials division of Steel Authority of India Ltd (SAIL) on last Saturday organised a one-day workshop in Kolkata. The workshop titled 'Coexistence of mining industry & forest - Challenges and way forward',primarily focused on environmental and forest issues, National Mineral Policy, differentaspects of statutory clearances, critical balance between environment and mining, wild lifemanagement, land reclamation and other environment aspects. Apart from SAIL, companies like Coal India Ltd (CIL), National Aluminium Company Ltd (Nalco), Odisha Mining Corporation (OMC), Damodar Valley Corporation (DVC), and Hindustan Copper Ltd participated in the workshop.Siddhanta Das, Director General of Forests & special secretary, Union ministry of environment & forests & climate change said, unplanned and rapid deforestation is leading to a dreadful future and impacting the climatic change ...

SAIL set to leverage domestic growth potential, banks on new product mix

The state-owned company is also making continuous product development efforts along with intensive R&D efforts

SAIL to regain its position as country's largest steel producer

Earlier, private steel maker JSW Steel had outshined SAIL to become the largest steel producing company in the country

SAIL needs to review land bank, JV holdings to pare debt: BCG

Boston Consulting Group (BCG) has suggested that public sector steel major, Steel Authority India Ltd (SAIL), review the relevance of its huge land bank and joint venture holdings in view of the cash required to deal with its debt.SAIL's debt as on March 31, 2017, was at Rs 41,396 crore, analysts said. A recent Motilal Oswal report mentioned that SAIL's net debt would continue to rise while eroding equity value. ICRA's senior vice president, Jayanta Roy, amplified, "SAIL's debt burden has increased significantly during 2016-17 to over 40,000 crore, while its networth has eroded during both 2015-16 and 2016-17 because of losses suffered. Consequently, the company's capital structure has weakened over this period." SAIL did not want to comment on the issue. The public sector steel company does have huge tracts of land. In a recent interview to a news agency, steel minister, Chaudhary Birender Singh, had said that around 1,00,000 acres of land was available with the steel PSUs which ...

SAIL signs long-term tariff pact with Railways

LTTC has been introduced by Indian Railways to establish long-term contracts with customers

SAIL Q1 loss widens to Rs 801 cr; expenses rise by 27%

Total standalone income of the company rose by 25.39% to Rs 13,072.77 cr

SAIL Q1 net loss widens to Rs 801.38 cr on higher expenses

SAIL had clocked a net loss after tax of Rs 535.52 crore in the corresponding quarter of 2016-17

Indian Railways: SAIL supplies 6,20,000 lakh tonnes of rails in FY17

SAIL has carried out modernisation and expansion programme at all the five major steel plants

As SAIL's modernisation draws to a close, it faces new challenge

It must educate buyers about differentiating properties of its products from that are in the market

SAIL: Profitability uptick holds key to upgrades

The Steel Authority of India Ltd (SAIL) stock has not moved much since its results, despite the company being in the news for its joint venture (JV) with ArcelorMittal for an automobile-grade steel plant and a mega expansion plan. This is due to the worries on its profit. Operating profit, which got a boost during the first half of FY17, helped by higher realisations and lower input costs (primarily coal), slipped into the red during the second half. Volatility in coking coal prices was the primary reason, as the company is largely dependent on external coal supplies, mostly imported. Losses at the operating level have increased over the past two quarters.Concerns on rising wage costs remained, as the company set aside ~107.15 crore for pay revision from January. What gives comfort is the expectation of wage costs of around ~9,600 crore in FY18. This has surprised analysts at Jefferies, who have since cut their FY18 wage cost estimates by about eight per cent. Concerns on interest ...

SAIL open to taking over stressed assets

It will ramp up capacity to 21 million tonnes finished steel over the next one or two years

Molten steel spill mishap kills two at SAIL's IISCO plant in Bengal

SAIL has constituted a high-level inquiry committee to ascertain the cause of the accident

SAIL-BSP to be the first to use plasma technology for toxic waste disposal

The company is collaborating with Unido to set up a state-of-art PCB management facility

As SAIL struggles, private players race ahead

The government has a dream and SAIL can't afford to be a spoilsport

SAIL spends Rs 64,562 cr on modernisation, expansion of plants

It also includes Rs 2,324 crore investment in first nine months of the last financial year

Steel minister says he hopes Sail, ArcelorMittal resolve JV issues by May

SAIL is banking on the proposed joint venture to move to higher grades of steel