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Safeguard duty on steel: More than a safety net, but is it enough?

Can the safeguard duty on steel be more than a safety net, and is it enough when other countries are also stepping up to protect their interests?

SAIL supplies 8,000 tonnes of critical steel for Indian Navy frigates

State-owned SAIL on Tuesday said it has supplied around 8,000 tonnes of critical-grade steel for the Indian Navy's advanced frontline frigates, INS Udaygiri and INS Himgiri, which were launched by Defence Minister Rajnath Singh. Singh commissioned the two multi-mission stealth frigates at the Eastern Naval Command of the Indian Navy at Visakhapatnam in Andhra Pradesh. Udaygiri and Himagiri come from the Indian Navy's latest state-of-the-art Project 17 A and the commissioning marks the first occasion when two frontline surface combatants constructed at two different shipyards were commissioned simultaneously. In a statement, SAIL said, "It continues a crucial partnership with the nation's defence sector by supplying approximately 8,000 tonnes of critical-grade steel for the Indian Navy's advanced frontline frigates, INS Udaygiri and INS Himgiri." The company supplied material from its steel plants in Bokaro, Bhilai, and Rourkela. By developing and providing critical-grade steel for

SAIL's Bhilai steel plant in Chhattisgarh hits key operational milestone

The MRD dispatched the highest-ever 75 trips of unprocessed LD slag, totalling 2,345.30 tonne in a single day. The earlier record was of 72 trips and 2,267.50 tonne, achieved on August 16

SAIL-Bhilai URM achieves milestone of 5 mt of prime rail production

The Bhilai Steel Plant is the exclusive supplier of rails to the Indian Railways, and the URM was set up to produce high-quality rails in this capacity

Stock market highlights: Sensex sheds 572 pts, Nifty at 24,680; SMIDs down 1%; banks, IT, realty dip

Stock Market Highlights on Monday, July 28, 2025: Barring Nifty FMCG and Pharma, all other sectoral indices on the NSE settled in the red, with the Nifty Realty index being the top laggard

SAIL Q1FY26 result: Profit soars 810% YoY to ₹744.6 cr, down 40% QoQ

The increase in profit was also aided by a sizeable exceptional item booking of ₹311.76 crore in the year-ago quarter

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.