Page 2 - Sail

Q1 results today: Cipla, SAIL, Bank of Baroda among 85 firms on July 25

Q1 FY26 company results, July 25: Bajaj Finserv, Shriram Finance, Reliance Infrastructure, Orient Cement, and ACME Solar will also release their April-June quarter earnings reports today

SAIL launches millet cultivation training prog for Chhattisgarh farmers

The initiative will be executed in collaboration with the Krishi Vigyan Kendra (KVK), Narayanpur.

Rourkela Steel Plant commissions advanced ladle furnace to boost output

The Rourkela Steel Plant (RSP) of SAIL on Thursday said it has commissioned a state-of-the-art Ladle Furnace 2D (LF#2D). A ladle furnace is the second unit used to refine molten steel after it is produced in a primary furnace. It was commissioned in Steel Melting Shop-II on Wednesday. This achievement underscores RSP's commitment to technological modernisation, enhanced productivity, and a strong culture of safety, the company said in a statement. The newly operational LF#2D is a critical facility that will significantly boost productivity by ensuring a timely and efficient supply of liquid steel to the new slab caster alongside the existing ones. Alok Verma, Director In-Charge, RSP, with additional charge of Durgapur Steel Plant & IISCO Steel Plant said, Steel is not just what we make it is who we are. RSP is truly proud of everyone's sincere and hardworking efforts. He also congratulated everyone associated with the project for the successful commissioning of LF#2D. The LF#2

SAIL supplies 16,000 tonnes for Chenab rail bridge: Bhilai Steel official

The Steel Authority of India Ltd (SAIL) has supplied 16,000 tonnes of steel for the construction of the world's tallest railway bridge over the Chenab river in Jammu & Kashmir, of which the Bhilai Steel Plant contributed 12,000 tonnes, according to the steel plant's official on Friday. Prime Minister Narendra Modi on Friday flagged off the first train service to the Kashmir Valley and inaugurated a number of development projects, including the world's highest railway bridge over Chenab river and India's first cable-stayed arch bridge. The Bhilai Steel Plant official said, "Bhilai Steel Plant and other steel plants of SAIL have supplied 16,000 tonnes of steel for the construction of this bridge. This includes plates, TMT bars, and structural steel. This achievement is a matter of pride for SAIL and BSP." "This 1.3-kilometre-long bridge stands 35 metres higher than the iconic Eiffel Tower in Paris. An engineering marvel, the bridge is designed to withstand high wind speeds of up to .

SAIL reduces debt by around ₹750 cr, plans to bring it down further in FY26

Country's largest steel player SAIL, which has a debt of nearly Rs 27,000 crore, has managed to bring down its debt by around Rs 750 crore last year and is planning to reduce it further, a senior company official said. "Today, the debt is around Rs 26,800 crore... and we're planning to reduce it further in this financial year. Last year also we reduced by around Rs 750 crores. "And now we are planning to reduce month-on-month," SAIL (Steel Authority of India Ltd) Director Finance Ashok Kumar Panda said during Q4 & FY '25 Conference Call. And going forward, when the capex will increase, the company will have two-pronged approach, he said. "Number one, we'll try to increase our profitability. So from internal accruals, we'll be able to compensate a part of the requirement. "And the rest part we will line up other instruments available for getting the fund... Our debt-to-equity ratio is good enough to take care of these two aspects going forward," he explained. SAIL has a capex ...

5 workers sustain burn injuries in mishap at SAIL's Bokaro Steel plant

At least five workers sustained burn injuries in a mishap at the Steel Authority of India Limited's (SAIL) Bokaro Steel Plant, an official said on Tuesday. The incident occurred at the Steel Melting Shop-2 (SMS-2) of Bokaro Steel plant where a spillage of hot metal from a ladle took place. "As per normal practice, water was sprayed to cool the spill, which resulted in the generation of a large volume of steam. All five workers came into contact with the steam and suffered burn injuries. They were rushed to Bokaro General Hospital where medical treatment was provided to them," the spokesperson told PTI. All are safe and have been discharged, he said. The official said that an internal inquiry is underway to determine the root cause of the spillage, whether due to mechanical failure or other factors. The plant operations have not been disrupted, he added.

Stocks to Watch today: SAIL, IRCTC, IndusInd Bank, Tata Chemicals, HG Infra

Stocks to Watch today: SAIL, IRCTC, IndusInd Bank, Tata Chemicals, LTIMindtree, Reliance Power and HG Infra Engineering are among the stocks to watch today, May 29, 2025

SAIL Q4 result: Net profit jumps 11% to ₹1,251 crore, dividend declared

SAIL's board of directors have also recommended a final dividend of ₹1.6 per share, subject to the approval of shareholders

SAIL's Bhilai plant installs new system to cut emissions, boost efficiency

Safety and monitoring systems have been deployed for safe and efficient COG operations, said BSP officials

Upmove or consolidation? Ajit Mishra's market outlook and top stock picks

Traders should maintain a stock-specific approach and use this consolidation phase to accumulate fundamentally strong names

Why are metal stocks falling? Lloyds Metals, SAIL, HZL, Nalco dip up to 18%

Of the 15 stocks in the Nifty Metal Index, five stocks, including Hindustan Copper, Nalco, Hindalco, JSL, and NMDC, hit fresh 52-week lows

Ajit Mishra of Religare Broking says buy BPCL, SAIL, Indus Towers

Stocks To Buy Today, April 3, 2025: Ajit Mishra, SVP-Research at Religare Broking, has recommended that investors buy BPCL, SAIL, and Indus Towers shares today

US tariffs may shift trade, increase India's steel import risk: Sail chair

The imposition of higher tariffs by the US may change the global "trade flows", increasing the chances of India becoming more vulnerable to steel imports, SAIL Chairman Amarendu Prakash said on Wednesday. The Donald Trump administration has proposed a 25 per cent tariffs on all steel and aluminium imports into the US and also announced imposing reciprocal tariffs on all its trading partners including India with effect from April 2. Responding to a query on the US tariff moves, Prakash said it may change the trade flows. Traditionally steel has been travelling (exporting) from Asian countries to the US and Europe. Some steel was being exported to the US from Europe. Once the reciprocal tariffs take effect, such exports would become unviable. "That will mean Asian countries -- China, South Korea, Japan -- that are exporting to Europe, that steel becomes free and will be floating around in the world. This floating trade might come to India," he said. When asked if the tariff will imp

Metal stocks shine: HZL, SAIL, JSW Steel rally up to 10% on safeguard duty

Metal stock rally: The Nifty Metal index rose as much as 1.67 per cent to hit an intraday high of 9,185.20.

SAIL to invest Rs 30,000 cr to expand Rourkela Steel Plant to 9 MT by 2030

State-owned SAIL has plans to more than double the capacity of its Rourkela Steel Plant (RSP) to around 9 million tonne per annum at an investment of Rs 30,000 crore, a move which will boost supplies to sectors like defence, oil & gas, automobiles among others. Post expansion, which will come up over an area of 1,200 acre, RSP will alone contribute around 25 per cent to SAIL's overall 35 million tonne per annum (MTPA) production capacity target by 2030, Alok Verma, Director In-Charge, RSP told PTI in an interview. Located at Rourkela in Odisha, around 320 km from state capital Bhubaneswar, RSP holds the distinction of being the first public sector steel plant in India. It was set up in 1950s with German collaboration with an initial capacity of 1 MT. The plant became operational on February 3, 1959, when the then President of India Rajendra Prasad lit up the first blast furnace Parvati. At present, the total steelmaking capacity of Steel Authority of India Ltd (SAIL) stands at ...

Nomura bullish on Indian steel industry; maintains 'Buy' on JSW Steel, JSPL

Nomura has set a target price of Rs 1,220 and Rs 1,080 for JSW Steel and JSPL, respectively.

Stocks to Watch, Feb 17, 2025: SAIL, Glenmark Pharma, Easy Trip, ABFRL

Stocks to Watch, Feb 17, 2025: Investors will eye stocks of companies that will and have released their Q3 results; ABFRL, Glenmark, SAIL and other will be in focus

SAIL to set up new rail mill with $800 million investment: Chairman Prakash

SAIL is bullish on the demand for rails in the country and has decided to set up a new rail mill at an investment of USD 800 million, the company's Chairman Amarendu Prakash said on Saturday. The company has decided to go ahead with the investment plan despite not having any order indication from its largest buyer Indian Railways, Prakash said at a panel discussion at the Global Business Summit (GBS) in the national capital. The chairman said such kind of confidence is a result of growth oriented policies of the government. "Last week, we decided to put up an 800 million USD investment into a mill, because I am confident that railways will go nowhere and they will have to buy from me if I put up a mill. So, I have taken a decision like that. So, that is the kind of confidence that comes when the policies we know are growth oriented, and they are bound to continue," he said. Prakash said SAIL had been following up with the Railways for the past seven years for their future demand so

SAIL Q3 results: Profit drops 66% to Rs 142 cr, revenue rises to Rs 25K cr

State-owned SAIL on Tuesday reported over 66 per cent decline in consolidated net profit to Rs 141.89 crore for the December quarter, on account of increased expenses. It posted Rs 422.92 crore profit for the year-ago period, the company said in an exchange filing. The company's total income, however, rose to Rs 24,723.43 crore from Rs 23,492.33 crore in the same quarter a year ago. Expenses surged to Rs 24,560.47 crore from Rs 23,140.81 crore in the year-ago period. In a separate statement, SAIL Chairman Amarendu Prakash said in the face of a challenging steel market characterised by declining prices and an influx of cheap imports, SAIL has managed to achieve higher EBITDA during the quarter under review compared to the corresponding period last year. "We expect that with appropriate interventions, the issue of cheap imports will be addressed and the government's drive on infrastructure development will bode well for the domestic steel industry while driving the demand further,"

Tata Steel, SAIL: Outlook for Indian steel stocks on Trump tariff woes

Technical chart shows that Nifty Metal has a strong support base around the 8,000-mark; In case, the index violates the same it can slide another 15 per cent from present levels.