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India Steel Minister Says Will Slowly Begin Stake Dilution In SAIL, Retain Management
SAIL Chair Says Expect Steel Demand To Pick Up In Next Few Months
India Allows Steel Authority Of India To Sell 25% Of Its Annual Mineral Production - Mines Ministry
Steel Authority of India Limited is a holding company. The Company is engaged in the manufacturing of flat products, such as hot rolled (HR) coils, HR plates, cold rolled (CR) coils, pipes and electric sheets, and long products, such as thermo mechanically treated (TMT) bars and wire rods. The Company's segments include Bhilai Steel Plant (BSP), Durgapur Steel Plant (DSP), Rourkela Steel Plant (RSP), Bokaro Steel Plant (BSL), IISCO Steel Plant (ISP), Alloy Steels Plant (ASP), Salem Steel Plant (SSP), VISL, POWER COMPANIES and OTHERS. It also offers rails, structurals, merchant products, electric resistance welded pipes, spiral welded pipes and silicon steel sheets. It operates and owns over five integrated steel plants at Bhilai, Durgapur, Bokaro, Rourkela and Burnpur, and approximately three special steel plants at Salem, Durgapur and Bhadravati. Its unit, Chandrapur Ferro-Alloy Plant (CFP), produces ferro-alloys. It also has SAIL Refractory Unit (SRU) at Bokaro.
Iron & Steel
Ispat Bhawan, Lodi Road
Anil Kumar Chaudhary
Chairman of the Board
Director - Finance
A. K. Rath
Chief Executive Officer - Durgapur Steel Plant
R. K. Rathi
Chief Executive Officer - IISCO Steel Plant
Director - Raw Materials & Logistics
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Four unidentified men attacked the chief of India's largest state-owned steel firm, Steel Authority of India Ltd, with iron bars as he was driving home in a violent assault that he said on Thursday appeared linked to business dealings.
The chairman of India's largest state-owned steel producer was assaulted by some people armed with iron rods in the national capital of New Delhi on Wednesday night, the Steel Authority of India Ltd said.
ArcelorMittal's prolonged bid to buy debt-ridden Essar Steel is delaying the world's biggest steelmaker's joint venture with state-owned Steel Authority of India Ltd (SAIL) <SAIL.NS>, India's steel minister and SAIL's chairman said.
ArcelorMittal's prolonged bid to buy debt-ridden Essar Steel is delaying the world's biggest steelmaker's joint venture with state-owned Steel Authority of India Ltd (SAIL), India's steel minister and SAIL's chairman said.
A fire on Tuesday in a natural gas pipeline at a smelting plant owned by Steel Authority of India Ltd (SAIL) in the central state of Chhattisgarh killed at least nine people, the company said.
State-owned Steel Authority of India Ltd (SAIL) <SAIL.NS> has declined a government call for a dividend for the last financial year, saying it did not have "any cash and bank balance" and that its debt-to-income ratio was much higher than agreed with some lenders, showed...
ArcelorMittal's interest in buying debt-ridden Indian steel companies could derail its planned $1 billion joint venture with Steel Authority of India Ltd (SAIL), a steel ministry report showed.
* Says signed facility agreement on Sept 11 with State Bank of India for availing of $350 million ECB Source text - http://bit.ly/2xZTDSQ Further company coverage:
A planned $15 billion (£12 billion) safety overhaul of India's ageing rail network is facing delays as the country's state steel company is unable to meet demand for new rails, according to two government documents seen by Reuters.
ArcelorMittal, the world's largest steel producer, said on Wednesday it has agreed to make concessions to Steel Authority of India to seal a delayed $897 million automotive joint venture.
** India plans to sell 10 pct stake in Steel Authority via offer for sale - govt document ** India plans to sell 5 pct stake in REC via offer for sale - govt document ** India plans to sell 10 pct stake in NTPC via offer for sale - govt document ** India plans to sell 3...
Indian Railways is considering ending state-owned Steel Authority of India Ltd's (SAIL) <SAIL.NS> virtual monopoly on supplying steel for standard rail tracks, opening up annual purchases worth up to $700 million (561 million pounds) to the private sector, people close to...
India's steel minister said he hoped state-owned Steel Authority of India Ltd <SAIL.NS> and ArcelorMittal SA <ISPA.AS> would resolve differences over building an $897 million (723 million pounds) automotive steel plant before the deadline in May to close the deal.
Steel Authority of India Ltd <SAIL.NS> is in talks with Japan's Nippon Steel & Sumitomo Metal Corp <5401.T> and Kobe Steel Ltd <5406.T> for potential technical agreements to help the firm expand its global footprint, SAIL's chairman told Reuters.
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