Page 7 - Sail

Govt receives 75 applications under PLI scheme for specialty steel

The government has received around 75 applications from domestic players under the PLI Scheme for specialty steel, according to an official. Applicants include all major steel players like Tata Steel, JSW Steel, JSPL, AMNS India and SAIL, a senior steel ministry official said. "A significant number of applications have been received. There around 75 applications," the official said. However, no proposal has been received from any foreign entity, according to the official. After shortlisting the proposals, the government will come out with a final list which would take around 35-40 days, the official said. The government had set the final deadline on September 15 after several extensions for receiving proposals from manufacturers for benefits under the PLI (Production-Linked Incentive) scheme for speciality steel. The Union Cabinet in July last year approved a Rs 6,322-crore PLI scheme to boost the production of speciality steel in India. The move is expected to attract an additi

NTPC Ltd receives 13 bids for minority stake sale in Green Energy arm

NTPC has doubled its plan for non-fossil fuel sources based power to 130 Gw by 2032 at an estimated investment of $30 billion

Centre cites policy to reject union's proposal to merge RINL with SAIL

Public sector undertakings (PSUs) in non-strategic sectors shall be considered for privatisation, or they shall be closed, said Minister of State Finance Bhagwat Karat in Rajya Sabha.

Tata Steel, Vedanta can surge 14%, provided they defy this chart formation

All metal stocks have "Death Cross", and if the current rally shows sustainability, the pullback rally would see added interest, indicate charts.

Muted near-term iron prices likely to keep NMDC stock under pressure

Other triggers such as demerger/listing of steel plant unlikely this year

Sensex falls 111 pts, Nifty holds 15,750; RIL sinks 7%, MRPL 10%

Benchmark indices swung wildly in trade on Friday after the government's move to tax oil refiners' windfall gain amid soaring crude oil prices hurt index heavyweight Reliance Industries' stock

Stocks to watch: Maruti Suzuki, Airtel, Hind Copper, IHCL, SAIL, UPL, Lupin

Stocks to watch today: Maruti Suzuki launched refurbished version of popular compact SUV - Brezza; Future Enterprises defaulted on payment of interest of Rs 6.1 crore for NCDs.

SAIL-Bhilai Steel supply boosts Mumbai-Ahmedabad high-speed rail project

The 508-km project, scheduled for completion in October 2028, will connect Mumbai and Ahmedabad with a high-speed rail track where trains will travel at a speed of 320 kms per hour

V Krishnamurthy: The guardian of PSUs leaves behind an unmatched legacy

None of V Krishnamurthy's assignments were easy ones. He had to battle scepticism as well

SAIL Q4 net slips 29% to Rs 2,479 cr, firm declares dividend of Rs 2.25

SAIL's consolidated revenue from operations rose 32% to Rs 30,759 cr

IT, Metals drag Sensex 236 pts down; Delhivery rises 10%, Zomato 15%

CLOSING BELL: On the NSE, the Nifty50 shut shop at 16,138, down 77 points or 0.47 per cent

Tata Steel, SAIL: Should you Buy or Sell them? Here's what charts suggest

Charts of steel stocks signal further downside, indicating a fall up to 20 per cent in select shares; cement counters indicate a wait-and-watch approach

Nifty Metal bleeds 7% after govt hikes export duty on steel products

The government levied export duty on 11 iron and steel intermediates and key steel products.

SAIL supplied 4,300 tn special steel for indigenous navy warships: Official

Steel Authority of India Ltd has supplied 4,300 tonnes of special steel for India's indigenous navy warships INS Udaygiri' and INS Surat', an official said. The entire quantity of steel has been supplied from SAIL's Bokaro, Bhilai and Rourkela Steel Plants, he said. This is in continuation to SAIL's sustained efforts to contribute substantially in India's AatmaNirbhar Bharat' mission and to strengthen the country's efforts towards import substitution, the company said in a statement. Earlier, SAIL had supplied special quality steel for various defence projects, it added.

Wipro, Nestle, SAIL among 300-plus stocks to hit 52-week lows this month

New-age tech firms that listed on bourses have also been struggling. Zomato hit a 52-week low of Rs 50 on Tuesday, while Paytm parent One 97 Communications fell to Rs 518 apiece on Wednesday

About 35,000 SAIL, RINL, NMDC workers boycott work on 2nd day of strike

About 35,000 workers of state-owned SAIL, RINL and NMDC continued to boycott work on Tuesday as part the nationwide strike, affecting production at steel plants and mines.

Bank operations hit; SAIL, NMDC staff join Bharat Bandh

The Kerala High Court on Monday directed the LDF administration to forthwith issue orders preventing its STAFF from abstaining from duty as part of the two-day strike

Steel stocks in focus; SAIL gains 4%, Jindal Steel hits 52-week high

India's top steelmakers have increased rebar and HRC (Hot Rolled Coil) price by around Rs 1,500-Rs 2,000 a tonne due to rising raw material cost, reports suggest

Sensex soars 1,047 pts, Nifty tops 17,250; HDFC jumps 5.5%, Paytm drops 6%

CLOSING BELL: JSW Steel, Titan Company, SBI Life, RIL, Kotak Bank, Tata Consumer Products, Tata Steel, Nestle India, and Eicher Motors were the other notable gainers

Stocks to Watch: SAIL, Adani Power, Tata Steel, Voltas, Oil India, BEML

Shares of Oil India will be in focus as the company has approved investment of Rs 6,555 crore in its subsidiary Numaligarh Refinery.