India’s largest steel maker SAIL has started process to exit some of its joint ventures that are either non-operational or non-performing, the public sector major has said in a report. The steel maker is also exploring options to monetise its investment in certain JV companies, the latest report said.
NBCC (India) today said it has bagged an order worth Rs 250 crore from the Steel Authority of India (SAIL) for the construction of Ispat post-graduate medical institute and super-speciality hospital at Rourkela steel plant in Odisha.
Adding another feather to its cap in its endeavor to contribute and actively participate in ‘Make in India’, Steel Authority of India Ltd’s Durgapur Steel Plant despatched the first consignment of metro railway wheels for Kolkata Metro today.
Steel Authority of India (SAIL) today said its Durgapur Steel Plant (DSP) has despatched the first consignment of metro railway wheels for Kolkata Metro, giving a fillip to ‘Make in India’ drive.
India’s competitive steel leader-board is led by the Tatas and the JSW Group. In their midst, Steel Authority of India (SAIL) is often described as a producer with a high cost base. But it could surprise the Street by its positive performance in the coming two years.
After failing to keep up with Indian Railways’ requirement last fiscal, state-owned SAIL is now optimistic that it will be able meet the enhanced demand of rails from the national transporter this year and will supply 12 lakh tonnes of tracks, a top official said.
State-run Steel Authority of India Ltd (SAIL) on Tuesday said it has supplied 60,000 tonnes steel for 111 km long Jiribam-Imphal broad gauge railway project in Manipur.
Import demand from thermal power plants remained low due to ample supply from domestic sources, mjunction CEO Vinaya Varma said while commenting on the coal import trend.
State-owned SAILs crude steel production grew 9 per cent to 1.272 million tonnes in February 2018.
Strategic Disinvestment Of CPSEs: SAIL Invites Bids For Categorical Sale Of Durgapur Alloy Steel Plant
State-run Steel Authority of India Ltd (SAIL) which had geared up for modernization and expansion invited bids from companies for the strategic sale of its Alloy Steels Plant at Durgapur in West Bengal.