The improved operating profit is still not enough to cover interest costs; rising coal costs will add to woes going ahead
The stock was up 4% to Rs 55.70 after reported a net loss of Rs 731 cr in Q2FY17 against loss of Rs 1,109 cr in Q2 FY16
For the last two years, the railways have been demanding the setting up of a 260-meter-long rail
Company will be selling stakes in the Bhadrawati, Salem and Durgapur steel plants through a two-stage auction
Iron ore reserve in Bhilai Steel Plant's mines is reportedly fast depleting that has propelled the management to eye small mines
The MOU was signed by Dr In-Hwa Chang, chief technical officer at POSCO and Raman, director (technical) of SAIL at POSCO centre in Seoul.
The estimated steel requirement for the project, also known as the Statue of Unity, is 32,000 tonnes
Operational turnaround after 3 quarters of losses is positive but rising coal prices will add to an already weak cost structure
The capacity is proposed to be augmented to 10 million tonne per annum by 2020 from five mtpa
Mine is crucial for the survival of SAIL's flagship unit BSP
Interview with Chairman & managing director, SAIL
A govt official said equity by SAIL could be up to 26% and in that case MMTC has to dilute a portion of its stake from 49.78%
Net loss in June 2016 quarter rose to Rs 535 crore compared with Rs 248 crore in June 2015 quarter
State-run steelmaker had reported a net loss of Rs 248 crore in the corresponding period of the previous financial year
JV to invest $1 billion in plant for making technologically advanced steel products
SAIL has proposed modernisation of its Rourkela Steel Plant by setting up a new hot strip mill
Expansion plan is set to cost public sector steel major in excess of Rs 30,000 crore
Initially, the institute will have three branches including computer science, mechanical and electrical engineering
The state-run company has around 86,000 employees across its 10 plants spread across the country
The PSU produced 13.6 MT, 13.9 MT and 14.3 MT steel in 2013-14, 2014-15 and 2015-16