Page 2 - Steel Authority Of India

SAIL soars 8% on heavy volumes, hits 52-week high. Should you buy or hold?

Till 10:38 AM; a combined 90.32 million equity shares representing 2.2 per cent of total equity of SAIL changed hands on the NSE and BSE.

InCred upgrades SAIL to 'Add', lifts target; stable outlook supports upside

Steel Authority's biggest competitive advantage remains its fully integrated raw material base, unlike private steelmakers such as Tata Steel or Jindal Steel and Power

JSW Steel, Tata Steel rally up to 4% in subdued market; hit 52-week highs

Steel stocks outlook: Moody's anticipate that steel demand in India will grow at a 5-7% CAGR until 2030, fueled by infrastructure spending, construction projects and expansion in industrial production

Tata Steel hits 52-week high, SAIL rallies 3%; what's driving steel stocks?

Steel stocks in demand: In past five trading days, the BSE Metal index outperformed the market by surging 6 per cent, as against 0.98 per cent rise in BSE Sensex.

Nifty Metal index surges 3%; why Tata Steel, SAIL rallied up to 6% today?

Metal stocks were in demand on Wednesday amid buzz that the government may reallocate non-operational iron ore mines held by SAIL and OMC.

Metal index soars nearly 3% led by JSPL, SAIL, Tata Steel; here's why

At 12:37 PM; Nifty Metal index, the top gainer among sectoral indices, was up 2.6 per cent, as compared to 0.57 per cent rise in Nifty 50.

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

SAIL shares slide 5% as Q1 profit, revenue drop sequentially; details here

SAIL shares fell 5 per cent after it reported a sequential decline in net profit and revenue for Q1FY26

Trading guide: Nifty reflects caution; PNB, Indus Towers top stocks to buy

Analyst recommends maintaining a positive bias while focusing on stock selection. PNB, SAIL and Indus Towers are among the top stocks to buy

SAIL launches millet cultivation training prog for Chhattisgarh farmers

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

BMW Industries plans B2B steel products' market foray: MD Harsh Bansal

With this new venture, the company aims to leverage its existing strengths in downstream steel processing to cater to the rising demand in the country

SAIL supplies 4,000 tonnes special steel for Navy's warship INS Nilgiri

State-owned SAIL on Thursday said it has supplied 4,000 tonnes of special steel for INS Nilgiri, which was commissioned on Wednesday. INS Nilgiri, INS Surat, and INS Vaghsheer were the three Indian Navy warships commissioned at the Naval Dockyard in the presence of Prime Minister Narendra Modi in Mumbai. Steel Authority of India Ltd (SAIL) has supplied the entire 4,000 tonnes of special steel for INS Nilgiri. The special steel provided by SAIL includes DMR 249A grade hot-rolled (HR) sheets and plates, according to an official statement. SAIL's Bokaro Steel Plant contributed about 2,000 tonnes of HR sheets and plates, with an additional 1,600 tonnes and 400 tonnes of plates supplied by the Bhilai and Rourkela steel plants, respectively, the Ministry of Steel said. INS Nilgiri, the lead ship of the Project 17A stealth frigate class, represents a significant advancement over the Shivalik-class frigates. P17A ships are guided missile frigates, each of which are 149 metres long, with .

SAIL supplies 45,000 tonnes of steel for upcoming Maha Kumbh Mela

SAIL, country's largest steel maker, on Thursday said it has supplied approximately 45,000 tonnes of steel for the upcoming Mahakumbh Mela which is one of the biggest religious congregations in the world. Prayagraj in Uttar Pradesh will host the Maha Kumbh Mela from January 13 to February 25. The total quantity of steel supplied includes chequered plates, hot strip mill plates, mild steel plates, angles and joists, the state-owned firm said in a statement. Steel Authority of India Ltd (SAIL) had also supplied steel during the Mahakumbh Mela of 2013. The steel supplied by SAIL will play an important role in supporting the construction of various temporary structures essential for the smooth conduct of the Mahakumbh Mela. These include pontoon bridges, passages, temporary steel bridges, substations and flyovers, the statement said. Major customers for this steel supply, include the Public Works Department, Uttar Pradesh State Bridges Corporation, Electricity Board and their ...

SAIL secures 'Great Place to Work' certification for 2nd time in a row

State-owned SAIL has been certified as 'Great Place to Work' for the second time in a row. SAIL secured the certification following a comprehensive survey conducted by Great Place to Work Institute, based on direct feedback from employees at SAIL. "Steel Authority of India Ltd (SAIL) has earned the prestigious 'Great Place to Work' certification for January 2025 to January 2026, awarded by the Great Place to Work Institute, India," the steel ministry said in a statement on Monday. The PSU was first certified for December 2023 to December 2024. "SAIL's consecutive certification as a 'Great Place to Work' reaffirms SAIL's ongoing dedication to foster an exceptional workplace culture and provide a positive employee experience built on trust, collaboration and employee empowerment," company's chairman Amarendu Prakash said. The Great Place to Work Institute is a global firm that recognises employers creating outstanding employee experiences through a rigorous evaluation process. ***

Bhilai Steel Plant to set up 200-Kw solar power plant at Maitri Bagh zoo

Elevated solar power is a solar panel installation method that involves mounting solar panels on a structure above the ground or roof

JSW Steel, SAIL in discussions with Mongolia for coking coal shipments

JSW Steel, the country's biggest steelmaker by capacity, plans to buy 2,500 metric tons, while SAIL aims to import 75,000 metric tons of the steelmaking raw material from Mongolia

SAIL willing to participate in Critical Mineral Mission: Chairman Amarendu

SAIL, the country's largest steel player, is willing to participate in the Critical Mineral Mission, which aims to secure the country's critical mineral supply chain by ensuring mineral availability from domestic and foreign sources, the company's Chairman Amarendu Prakash said on Thursday. The Union Budget 2024-25 had proposed launching a Critical Mineral Mission for domestic production, recycling of critical minerals, and overseas acquisition of critical mineral assets. "FM Nirmala Sitharaman announced the Critical Mineral Mission. In that mission a lot of things will be discussed, all possibilities will be discussed. So we will be watching this and seeing what opportunities are there. "As the Critical Mineral Mission expands and things get discussed, we will be watching and seeing if there are opportunities for exploring something on SAIL's part," the Chairman told reporters on the sidelines of ISA Steel Conclave. The Critical Mineral Mission aims to secure the country's critica

SAIL to make Rs 6,500 cr capex investment in FY25: CMD Amarendu Prakash

Steel Authority of India Ltd will be investing Rs 6,500 crore towards capex during the current financial year as part of its Rs 1 lakh crore investment plan over the next few years, SAIL CMD Amarendu Prakash said on Friday. Speaking to mediapersons on the sidelines of a programme organised by Indian Steel Association here, Prakash said the steel industry approached the government seeking measures to control the dumping of cheap metal by China into India and hoped that steps will be taken to address the menace. "This year, the capex target is Rs 6,500 crore. We also have regular capex on maintaining our facilities, as well as debottlenecking exercises. Most of the capex expansion (Rs 1 lakh crore by 2030) will start flowing from FY26. In the first phase from (the capacity) 20 million tonnes, we go to 35 million tons tonnes per annum by 2031. In the next phase, we will make it 50 million tonnes," the SAIL CMD told reporters. In the past, SAIL management had informed investors about a

21 workers under medical observation after fire at SAIL's Bokaro plant

Around 15 workers of SAIL's Bokaro Steel Plant have been kept under medical observation after a fire broke out on Saturday morning, an official said. This is a precautionary measure and all of them are out of danger, he said. There was no report of any fatality, the Steel Authority of India Ltd (SAIL) official said. The incident took place when maintenance work was underway in the mixed gas pipeline of the Bokaro plant, he said. There has been no leakage of any gas from the pipeline, and the situation is completely under control, the official said. The fire has been extinguished and senior officials are camping at the spot, he added.

SAIL Q3 results: Net profit falls 22% to Rs 423 cr, dividend declared

State-owned Steel Authority of India Ltd (SAIL) on Monday reported a 22 per cent fall in its consolidated net profit to Rs 422.92 crore for the quarter ended in December 2023 due to lower income. The steel maker had posted a net profit of Rs 542.18 crore during the October-December period of 2022-23. The company's total income fell to Rs 23,492.33 crore in the third quarter of FY24 from Rs 25,140.16 crore a year ago, according to an exchange filing by the company. Expenses stood at Rs 23,140.81 in the reporting quarter as against Rs 24,825.11 crore in the third quarter of last fiscal. Steel Authority of India Ltd (SAIL), under the Ministry of Steel, is the country's largest steel manufacturing entity having a total installed capacity of around 21 million tonnes. The Board of Directors has also declared an interim dividend of Re 1 per equity share for FY24 and set February 20 as record date for the purpose of payment of interim dividend.