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.
Indian Railways is set to miss its target of 3,500 km of new tracks, gauge conversion and doubling/tripling for capacity augmentation due to a shortage in supply of rails, and available rails are being diverted for renewal of existing tracks.
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.
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.