Page 4 - Steel Authority Of India

Retail book of SAIL OFS subscribed 2.4 times, shares end 4.4% higher

Following share sale, govt's stake in SAIL will decline by 10 percentage points from current 75%

HAL, Wipro, Infosys: Trading strategies for news-driven stocks

The overall trend of Infosys is optimistic with a rally expected to move in the direction of Rs 1,500 level, as per the weekly chart

Govt to sell up to 10% in SAIL via OFS, may fetch Rs 2,600 crore

On offer are 206.5 million shares, or 5% of company's stock, at a floor price of Rs 64 a share, with option to sell another 5% if issue is oversubscribed

Better market conditions, higher output help SAIL pare debt from peak level

Company says net debt down 15% from a peak of Rs 52,290 cr as on April 30, 2020, to Rs 44,308 cr on Dec 31, 2020

Steel stocks hit fresh high on price hike, improvement in production

Stocks of all major steel producers hit a new one-year high with Tata Steel leading the pack

Metals extend rally on strong demand; Tata Steel zooms 97% in 3 months

At 02:15 pm, Nifty Metal index was the top gainer among sectoral indices, up 4% against 0.28% rise in the Nifty50 index

Soma Mondal takes over from Anil Kumar Chaudhary as SAIL Chairman

In a company statement, Mondal said that the first target is to improve the financial performance of SAIL

Nifty Metal Index jumps 25% in Nov on domestic rally, demand from China

The gain in share prices has been supported by the rally in commodity prices

Steelmakers' prospects receive a boost from improving China data

Encouraging economic data from China, rising demand and higher realisations improve earnings outlook

SAIL board restructuring gets ACC approval, to bring in greater efficiency

The Appointments Committee of the Cabinet (ACC) has approved the restructuring of the Board of Steel Authority of India Limited

Cabinet panel approves restructuring of Steel Authority of India board

The four positions of chief executive officers of integrated steel plants of the company are to be elevated as functional directors

ACC approves restructuring of SAIL's board for greater efficiency

Besides, the board will have non-official directors as per the Companies Act 2013 and 2 government nominee directors as per the DPE (Department of Public Enterprise) policy

Explained: How Chinese firms won some of India's recent PSU tenders

Not just for cost-effectiveness, public sector firms turn to China for lack of domestic qualified bidders, technology

Steel makers not out of the woods yet as demand and margin issues persist

Anti-dumping duty on Galvalume steel is positive but more is required to boost the sector ailing

Despite encouraging signs, steel makers not out of the woods yet

Anti-dumping duty on Galvalume steel is positive but more is required to boost the sector ailing under low demand and realisation

Indian steel firms race to plug demand gap in China amid Covid-19 crisis

Though the exact figure for semi-finished exports to China is not known, steel producers say a bulk would have gone to China.

SAIL partners Apollo for healthcare services to employees, their families

Earlier, the company had also announced its partnership with Max Healthcare after some SAIL employees tested positive for the virus at the company's Headquarters

SAIL stops operations at corporate office after staff test corona positive

Infected employees asked to home quarantine; govt-appointed agency engaged to do fumigation at firm's headquarters at Delhi's Lodhi Road

SAIL facing order cancellations, re-scheduling due to lockdown: Report

The steel companies were facing logistics issues, on one hand, and dealing with lower demand as most of the user industries were reeling from the impact of the lockdown.

SAIL slumps 6% amid report Govt could sell 5% stake by March 2020

The move is being seen as the government's last attempt at achieving its revised divestment target of Rs 65,000 crore for the current financial year (FY2019-20).