Coal import for October came in flat at 16.65 million tonnes, underpinned by cautious buying of the fossil fuel by consumers due to high prices in the overseas market.
The government today said it has asked state-owned SAIL and the world’s largest steelmaker ArcelorMittal to expedite setting up of their proposed joint venture for a Rs 5,000-crore auto-grade steel plant.
Focusing predominantly on value added products, Steel Authority of India Ltd. (SAIL) is looking forward to offer an array of differentiated and quality products in market while focusing on value along with volume.
NTPC-SAIL Power Company (NSPCL), a joint venture between Indian utility NTPC and the Steel Authority of India, have invited bids for EPC on a 25MW solar project in West Bengal, India.
Steel Authority of India (SAIL) on Sunday said it has entered into a strategic agreement with POSCO for wide-ranging technical services for its IISCO Steel Plant (ISP) at Burnpur to assist in realising the benefits from the company’s new plant.
The Comptroller and Auditor General (CAG) in its report published in 2017 has accused the management of Rourkela Steel Plant (RSP) of SAIL for wasteful expenditure to the tune of `22.83 crore with unauthorised power supply to a contract firm.
For the first time, Indian Railways will float global tenders to buy rails, as Steel Authority of India (SAIL), its sole supplier, can’t meet the transporter’s increased demand.
Armed with latest technologies and higher product mix, SAIL aims to tap big into the steel demand in India, which is projected to become “the fifth- largest economy” this year, its Chairman P K Singh said today.
Coal import in August declined 24 per cent on a yearly basis as Indian buyers preferred not to buy any fresh fossil fuel and instead wait and watch ahead of an upcoming auction for the power sector.
Domestic steel major SAIL today saw its standalone net loss widen to Rs 801.38 crore for the June quarter due to higher coalprices and expenses.