Between a private and public sector company's stock, many are likely to choose the latter. Why? These have government backing, and hence, are perceived as safe and investor friendly. These companies also pay dividends despite making losses.
It is saying the obvious that the size of steel development capacity in the pipeline and the growing demand for special products like high-strength steel sheets and superior grades of electrical sheets will demand of this country a more focused approach
The government is considering the demand of SAIL-led consortium for state funding of their $10.8 billion investment plan in Afghanistan for setting up of steel and power plants, mining of iron ore and development of associated infrastructure.
After a SAIL-led consortium was selected by Afghanistan government to develop its rich Hajigak mines, another consortium led by the PSU is bidding for copper and gold reserves in the mineral-rich country, Steel Minister Beni Prasad Verma said today.
State-owned Steel Authority of India (SAIL) today said a new sinter plant with an investment of Rs 690 crore at its Rourkela facility has commenced production.
"For some sections of structurals [light and medium], a marginal increase [2.5%] was taken. However, sales in these categories are about 3% of the total sales of SAIL," the company said in a statement.
The Delhi High Court has dismissed the plea of two Australian coal firms, Vale Australia Pty Ltd (Vale) and AMCI Pty Ltd, against an International Court of Arbitration's (ICA) order to them for payment of about $159 million (Rs 760 crore) as damages
State-owned SAIL has expressed its interest to acquire former Karnataka minister G Janardhan Reddy-promoted Brahmani Steel in Andhra Pradesh, Parliament was informed today.
State-owned Steel Authority of India today said imports of steel would be costlier by Rs 1,000-1,500 per tonne due to a hike in customs duty on flat products.
State-run SAIL today said it has finalised almost all but the shareholding issue with Posco for a Rs 16,000 crore proposed joint venture at Bokaro to produce three million tonne a year auto-grade steel.
The Bombay Stock Exchange (BSE) Metal index has plunged almost 5% or 545 points, its sharpest fall in past 21 months, on concerns that weak Chinese consumption data and rising oil prices which touched 10-month highs last week might dampen industrial
Orissa has asked Steel Authority of India (SAIL), the country's largest domestic steel producer, to stop operations at Bolani iron ore mine after forest clearance expired on February 11, a government official said.
Public sector steel major SAIL on Monday posted a 43 per cent decline in net profit for the quarter ended December on the back of increased raw material prices and rupee depreciation.
State-run Steel Authority of India Ltd posted a dip of 43% in net profit at Rs 632 crore for the quarter ended December 2011 as compared to Rs 1,108 crore for the corresponding period a year ago.
The state Steel and Mines Department has asked the Steel Authority of India Ltd (SAIL) to stop mining activities immediately at Bolani mines following the expiry of forest clearance on February 11. The steel maker has closed mining at the area and said it
