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SAIL set to leverage domestic growth potential

New Delhi: Addressing the 45th Annual General Meeting of Steel Authority of India Ltd. (SAIL) held here today, Chairman SAIL, Shri PK Singh was confident of improvement in Company’s performance starting this financial year (FY 2017-18) backed by several management initiatives in every area of o

Posted Date :  23-09-17

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SAIL ties up USD 350 Million ECB from SBI

New Delhi: Steel Authority of India Ltd. (SAIL) has tied up an External Commercial Borrowing (ECB) of USD 350 million by State Bank of India (SBI) for a door to door tenure of 7 years. The ECB has been arranged by SBI from its Hong Kong Branch and would be utilized by SAIL towards meeting e

Posted Date :  12-09-17

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SAIL in the phase of reinventing its processes Chairman

NEW DELHI: Steel Authority of India Ltd (SAIL) is in the phase of reinventing its processes and deliver world class products to the market as it nears the completion of company's modernization programme.    PK Singh, Chairman, SAIL, who was at IISCO Steel Plant (ISP) at Burnpur on S

Posted Date :  28-08-17

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SAIL Manufactured iron and steel products in government procurement

New Delhi: (SAIL) The Government had approved a Policy for providing preference to domestically manufactured iron & steel products in government procurement (DMI&SP Policy) and notified the same on 8th May, 2017. The policy mandates to provide preference to Domestically Manufactured Iron & Steel

Posted Date :  04-07-17

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SAIL Readies for New Tax Regime Under GST

New Delhi: Steel Authority of India Ltd. (SAIL) is readying itself for a smooth transition into the new tax regime, which will come into effect with the introduction of GST from July 01, 2017. The Company, besides appointment of reputed Consultant for overseeing the transition, has also forme

Posted Date :  28-06-17

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India Trusts SAIL for its Longest Bridge

New Delhi: Steel Authority of India Ltd. (SAIL) is the largest and main supplier of steel for constructing country’s longest bridge 'Dhola-Sadiya’ which is built on river Lohit in Assam. SAIL has supplied around 90% or around 30,000 tonnes of steel, including TMT, Structurals and Plates,

Posted Date :  25-05-17

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Chaudhary Birender Singh Addressed to SAIL

New Delhi. “I want the steel industry to showcase a growth as of the last financial year in 2017-18; in fact, it should be one per cent higher. I am asking you to better your best. Let our mission for 2017-18 be ‘Plus One Per Cent Growth Rate’,” said Chaudhary Birender Singh, Minister for

Posted Date :  22-04-17

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SAIL Chairman dedicates Shilpangan to society

New Delhi. Chairman, SAIL Shri P K Singh, dedicated 'Shilpangan' - a skill development center at DSP Steel Township to the society. The center has been developed under Durgapur Steel Plant's CSR scheme for imparting skill based training to the underprivileged section of the society. 

Posted Date :  15-04-17

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SAIL receives SCOPE Award for Best HR Practices from President

NEW DELHI. Steel Authority of India Limited (SAIL), has been awarded with the prestigious SCOPE Award for Best Practices in Human Resource Management for the year 2014-15. President of India, Pranab Mukherjee presented the award to Chairman, SAIL P K Singh in the presence of Minister of Heavy Ind

Posted Date :  12-04-17

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NSPCL pays total interim dividend of Rs 120 cr to NTPC and SAIL

NEW DELHI .NTPC-SAIL Power Company Ltd (NSPCL) paid interim dividend of Rs.120 crore (Rs.60 crore each to NTPC & SAIL) which works out to 12.24% of paid up equity share capital.    For the financial year 2015-16 a total dividend of Rs. 120.00 crores was paid by the Company, which includ

Posted Date :  28-03-17

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SAIL records best ever export volume in ten years

NEW DELHI. Steel Authority of India Ltd (SAIL) concerted efforts on increasing export shares has started to bear fruits. In the month of February, 2017 SAIL has achieved the best ever export monthly volume of steel in last ten years. A total of 1.03 lakh tonnes of steel was exported last month, whic

Posted Date :  02-03-17

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Chairman SAIL focuses on more value added steel in product basket

NEW DELHI. Chairman, SAIL, Shri P K Singh reviewed the marketing performance of SAIL in a meeting. Shri Singh emphasized the need for higher levels of customer engagement and increased proportion of value added, ready-to-use steel materials to be a part of the SAIL product basket. While broadly o

Posted Date :  01-03-17

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SAIL enthuses young managers to take leadership roles

RANCHI. Steel Authority of India Limited is focusing on developing high impact leadership amongst its ranks for which it is sensitizing talented young executives to drive the top management's agenda of 'change' and for transforming SAIL into a vibrant organization. With this aim in si

Posted Date :  07-02-17

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Business environment becoming challenging for steel sector SAIL

NEW DELHI: SAIL today said with the business environment becoming extremely challenging for the steel sector, it has identified five core areas, including optimisation of new assets utilisation, to turn impending challenges into opportunities.    "At this crucial juncture f

Posted Date :  06-02-17

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SAILs Rourkela unit logs record output

Rourkela Steel Plant (RSP), has logged its best-ever production figures in crude steel and saleable steel in the April-January period of 2016-17. The steel unit produced 2.37 million tonne of crude steel and 2.23 million tonne of saleable steel, registering growth of 5.3% and 14% respectively.&nb

Posted Date :  04-02-17

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ICVL to restart operations in a few months SAIL Chairman

NEW DELHI: India's largest steel maker SAILBSE 0.68 % today said operations in International Coal Ventures Ltd (ICVL) -- the JV formed by five PSUs -- will resume operations in a few months as prices of coking coal have firmed up.    SAIL Chairman P K Singh told PTI that ICV

Posted Date :  03-02-17

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Strategic sale of NMDC SAIL units on cards

New Delhi . The Union government has begun the process for strategic disinvestment in assets of public sector undertakings, including three units of Steel Authority of India (SAIL), one of National Minerals Development Corporation (NMDC) and Ferro Scrap Nigam Ltd (FSNL). Besides listing of MSTC,

Posted Date :  31-01-17

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SAIL seeks removal of cess on coking coal in Budget

NEW DELHI . Ahead of the Union Budget, country's largest steel maker SAIL said it expects the removal of clean energy cess on coking coal and reduction of import duty on metallurgical coal as the steel industry is reeling under high raw material costs pressure.    Steel Auth

Posted Date :  31-01-17

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SAIL in talks with Coal India over coking coal price hike

NEW DELHI. SAIL today said it is in negotiations with the miner on the issue as it is difficult for the company to absorb the increase.    "We are under negotiations with them and working model will come out," Steel Authority of India Ltd (SAIL) Chairman P K Singh told

Posted Date :  31-01-17

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SAIL seeks removal of cess on coking coal in Union Budget 2017 18

New Delhi: Ahead of the Union Budget, country's largest steel maker SAIL today said it expects the removal of clean energy cess on coking coal and reduction of import duty on metallurgical coal as the steel industry is reeling under high raw material costs pressure.    Steel

Posted Date :  30-01-17

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SAIL enhances rail production capacity to 2 mtpa

New delhi . The state-run Steel Authority of India Limited (SAIL) had increased its rail production capacity to 2 million tonne per annum (mtpa). The development is significant as it would help the country's largest integrated steel maker to meet the demand of Indian Railways (IR) besides upg

Posted Date :  24-01-17

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SAIL widens export base to Europe

KOLKATA: Steel Authority of India has managed to widen its export base to Europe with Rourkela Steel Plant (RSP) flagging off its maiden export consignment from its new Plate Mill on Tuesday.    The consignment, which consists of High Tensile Plates with CE (European Confirmity)

Posted Date :  19-01-17

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No distress sale for SAIL units Steel secretary

NEW DELHI: Government will not go in for "distress sale" of three SAILBSE 0.51 % subsidiaries -- Salem Steel Plant, Visvesvaraya Iron and Steel and Chandrapur Ferro-Alloy -- and rather look for a management that will turn around the units, a top official said. "None of these plants

Posted Date :  18-01-17

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Verma set to take over as SAIL CEO in April

Bokaro: Shri B P Verma, executive director (works) of Rourkela Steel Plant, will take over as the chief executive officer (CEO) of Bokaro Steel Plant (BSL) on April 1. The Steel Authority of India Limited (SAIL) management has appointed Verma as executive director in charge (works and projects).

Posted Date :  09-01-17

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Bharathi S Sihag exits SAIL board as director

NEW DELHI . SAIL today said Bharathi S Sihag ceases to be a director on its board. "Consequent to her release from the Ministry of Steel, Bharathi S. Sihag, Special Secretary to Government of India, Ministry of Steel, has ceased to be a Director on the Board of Directors of the Company,"

Posted Date :  07-01-17

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Steel Minister takes SAIL western region review meeting

New Delhi. Union Minister of Steel Birender Singh took a review meeting of Steel Authority of India Ltd. (SAIL) western region's sales performance at Goa on 27/12/2016. He opined that SAIL should increase the market share of its products and try to replace the imports by leveraging the produc

Posted Date :  05-01-17

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There every possibility of pacts with global leaders SAIL Chairman

NEW DELHI . Indian steelmakers are progressively stepping up production of high strength lighter steel. In an interview, Steel Authority of India Ltd (SAIL) Chairman Shri P K Singh said that any technology voids in making very high-grade steel here could be filled by securing partnerships with wo

Posted Date :  28-12-16

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SAIL chairman reviews Bhilai steel plant ops

BHILAI. SAIL Chairman Shri PK Singh the review progress of Modex Projects and performance of the Bhilai steel plantPlant . Singh who is accompanied by Director (Technical) Raman was received at Raipur airport by Bhilai Steel Plant CEO, M Ravi, and other senior officers of SAIL.   

Posted Date :  28-12-16

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Union Steel Minister visits SAIL units at Ranchi

RANCHI. Steel Minister Birendra Singh visited SAIL Units of Ranchi and urged them to register global presence in terms of increasing exports of SAIL steel by producing more and more special steel at optimum cost. He also emphasised the need of presence as a world class Management Institution as w

Posted Date :  28-12-16

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SAIL BSP puts extra effort for digital transactions

BHILAI. Bhilai Steel Plant (BSP) which is the flagship unit of the public sector giant Steel Authority of India Ltd (SAIL) has installed eight Point of Sale (POS) machines to facilitate cashless transactions, plant officials informed on Saturday.    Two POS machines have been in

Posted Date :  26-12-16

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SAIL Rourkela unit scales new high in hot metal output

Rourkela. Rourkela Steel Plant (RSP), a unit of Steel Authority of India Ltd (SAIL) has recorded its best ever single day crude steel output of 11,285 tonne from its two steel melting shops — SMS-I and SMS-II.    The SMS-II alone produced 10615 tonne of hot metal. RSP as t

Posted Date :  24-12-16

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Restoration of collapsed galleries by HSCL at SAIL-BSP

New delhi . The main sinter feeder gallery and the coke feeding gallery of SAIL/ BSP collapsed on 30th April  and 26th October 2016 respectively, severely disrupting the production of the giant steel plant . On both the occasions HSCL came to the rescue and recommissioned  the galle

Posted Date :  06-12-16

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SAIL signs MoU with POSCO

KOLKATA. A Memorandum of Understanding (MOU) was signed on November, 07, 2016 between POSCO and Steel Authority of India Ltd. (SAIL) on technical collaboration for operational improvements and Human Resource Development.    The MOU was signed by Dr. In-Hwa Chang, Chief Technical

Posted Date :  11-11-16

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SAIL wins Golden Peacock Award for corporate governance

  Bhubaneswar . The prestigious Golden Peacock Award for Corporate Governance for this year has been conferred upon the ‘Maharatna’ firm, Steel Authority of India Limited (SAIL). Set up by the Institute of Directors, India, the award was received by Ashwini Kumar, CEO o

Posted Date :  10-11-16

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24 EDs appointed in SAIL

NEW DELHI .Twenty four General Managers of SAIL have been promoted as Executive Directors . THese includes Shri P Sahadeo (ED, CET); B N Thakur (ED, RDCIS); Ms Kamakshi Raman (ED, MTI); S Sitapati (ED, Proj RMD); A Bhattacharya (ED P&A, RMD); S P S Jaggi  (ED Pers CO); H R Chaudhary (ED

Posted Date :  02-11-16

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SAIL observes vigilance awareness week

NEW DELHI. Observance of Vigilance Awareness Week commenced today at Steel Authority SAIL with the administering of pledge by Chairman, SAIL, P K Singh. The Chairman along with Directors of the company and other officers paid floral tribute to the portrait of Sardar Vallabh Bhai Patel. During the

Posted Date :  01-11-16

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SAIL BSP mill produces high-end TMT bars to compete in market

BHILAI.One of SAIL-Bhilai Steel Plant’s oldest mills, set up and commissioned in Febraury 1960 with the help of Russians - the Merchant Mill (MM) has over the years improvised operations and introduced process improvements to roll out exactly what customers of this highly competitive sectio

Posted Date :  17-10-16

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SAIL chairman reviews progress of Gua projects

Noamundi. SAIL chairman Prakash Kumar Singh on Friday arrived in Noamundi To take stock of the progress of Gua SAIL Projects.Chairman was received by ED SK Mohanty at the airport.    Chairman was accompanied by Rourkela Steel Plant Manager Dilip Bhagya, Bolani Mines Manager S K

Posted Date :  15-10-16

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Steel Minister visits SAIL on second anniversary of Swachh Bharat

New Delhi. Union Minister of Steel Birender Singh visited Steel Authority of India Ltd. (SAIL) head quarters on Sunday and reviewed the cleanliness activities undertaken by the company on second anniversary of Swachh Bharat Abhiyan.   On this occasion, Birender Singh administered the

Posted Date :  03-10-16

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Steel Minister reviews SAILs network and SAIL-SCL JV in Kerala

Kochi.  Union Minister of Steel, Birender Singh reviewed the working of SAIL marketing setup in Southern Region and SAIL joint venture with Govt. of Kerala. SAIL-SCL Kerala Limited. Additional Chief Secretary, Govt. of Kerala, Mr. Paul Antony, IAS, participated. SAIL was represented by Shri

Posted Date :  28-09-16

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SAIL efforts to cut down production cost lauded

RANCHI.SAIL collectively need to continually strive for betterment in all performance parameters in line with the international benchmarks, said Union Steel Minister Chaudhary Birender Singh.  “The efforts being undertaken in SAIL plants including BSL for bringing down the cost of prod

Posted Date :  24-09-16

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SAIL move to regain health

New Delhi. The government is considering a proposal to hive off Salem Steel Plant, Visvesvaraya Iron & Steel Plant and Alloy Steels Plant in Durgapur to make state-run SAIL`s balance sheet look more healthy.   The idea, mooted by NITI Aayog, is being seen as a way to improve the

Posted Date :  23-09-16

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SAIL employees clinch Vishwakarma Rashtriya Puraskar

New Delhi. SAIL employees clinched Vishwakarma Rashtriya Puraskar for their performance in the year 2014.   In a function held at SCOPE, Steel Authority of India Ltd.s (SAIL) Chairman, P.K. Singh along with Director (Finance), Anil K. Chaudhary, Director (Personnel), Dr. N. Mohapatra

Posted Date :  19-09-16

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SAIL meeting requirements of SMES

JAIPUR.Steel Minister Birender Singh said that the domestic steel consumption is a benchmark of industrial prosperity and nation’s growth.   He said, "The medium and small industries are big consumers of steel and iron which they use for manufacturing various machines for

Posted Date :  19-09-16

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Agni Missile got 106 tonnes of special steel from SAIL

Rourkela.August 30 ,2016The Steel Authority of India Limited (SAIL) has supplied 106 tonnes of a  special kind of steel for use in the Agni missile.   This special typle of steel, called “15CDV6 grade plates” steel was made at SAIL’s Rourkela plant, and will be

Posted Date :  30-08-16

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SAIL-BSP inches closer to produce worlds longest Rail

BHILAI.  The new Universal Rail Mill (URM) of state-run Steel Authority of India Limited (SAIL) in Bhilai Steel Plant (BSP) has achieved the milestone of successfully rolling out the first rail through its Tandem Mill.   The feat would pave way for the steel maker to roll out 13

Posted Date :  16-08-16

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SAIL provides 325 acres for IIT-Bhilai

Raipur: Steel Authority of India Limited (SAIL) had provided 325 acres from its Bhilai project to set up country’s 23rd Indian Institute of Technology (IIT) in Chhattisgarh’s industrial township.   The land was in the possession of Bhilai Steel Plant (BSP), the flagship a

Posted Date :  08-08-16

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SAIL implements VRS- 1038 employees take the offer

NEW DELHI . SAIL has said 1,038 employees took its Voluntary retirement Scheme  (VRS), which will have a one-time financial impact of Rs 213 crore on the firm.   In line with the consistent efforts for enhancing productivity, improving manpower  profile, rationalisation of

Posted Date :  05-08-16

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SAIL goes for third party env. compliance audit of BSP

BHILAI. The Steel Authority of India Ltd (SAIL) has decided to carry out third party ‘Environment Compliance Audit’ of Bhilai Steel Plant (BSP).    In this regard, a contract agreement was signed between SAIL/BSP and M/s Bhagvatihi Anna Lab private Limited(Hyderabad)

Posted Date :  28-07-16

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For first time ever Indian mangoes set sail for the US

MUMBAI. For the first time ever, the Indian mango set sail last week for American shores. In all these years mangoes have never been transported by sea, they have been flown out.However, a consignment of 13 tonnes of the Kesar, Totapuri and Dalambiya varieties was loaded onto a ship last week and

Posted Date :  07-07-16

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Shipping Corporation of India to resume sailing to Iran

MUMBAI. Shipping Corporation of India (SCI) will resume sailing to Iran this month after a four-year gap, transporting an oil cargo for a state-run refiner, the chairman of India's biggest shipping company said yesterday.    The news sent SCI shares trading on a weak Mumbai

Posted Date :  07-07-16

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SAIL to augment water supply in new BSP units

BHILAI. The Steel Authority of India Ltd (SAIL) would carry out augmentation of ‘Makeup water’ and drinking water systems for all new units of its ongoing 7.0 MT modernisation programme at the Bhilai Steel Plant (BSP).    Technically, the ‘Makeup water system&r

Posted Date :  05-07-16

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SAIL officials probe BSL chimney collapse case

BOKARO: Director (technical), Steel Authority of India Limited (SAIL),Shri S S Mohanty and other officials on Wednesday visited Bokaro Steel Plant (BSL) to inquire into the case of chimney collapse in Blast Furnace-III on Tuesday. Sources said SAIL chairman, Shri P K Singh is personally looking i

Posted Date :  27-06-16

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SAIL observes Swachhta Pakhwada

NEW DELHI .Steel Authority of India Ltd.  is observing the Swachhta  Pakhwada from June 16 - 30, 2016, On this occasion, the swachhta pledge was administered to SAIL employees by Chairman, SAIL, Shri  P K Singh. The event was attended by all the Directors and Chief Vigilance Office

Posted Date :  20-06-16

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SAIL posts Q4 net loss of Rs 1230.93 cr

NEW DELHI .  SAIL has reported a standalone net loss of Rs 1,230.93 crore for the  quarter ended March 30, 2016 hit by challenging market conditions and decline is  sales realisation.   The loss after tax for the quarter was due to “reduction in net sales realisa

Posted Date :  31-05-16

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NMDC and SAIL form joint venture

HYDERABAD.NMDC and SAIL have set up a joint venture—NMDC SAIL Ltd.—for sale and supply of iron ore from the allocated mining resource in Chhattisgarh.   

Posted Date :  30-06-16

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SAIL Chairman visits Bhilai Steel Plant

BHILAI.  The Chairman of SAIL, Shri P K Singh, visited varous sites of  Bhilai Steel Plant  and reviewed the progress of the ongoing projects besides reviewing the production and operational areas of the Bhilai Steel Plant. He called upon senior officers to give off their best to e

Posted Date :  10-05-16

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SAIL Sets Timeline for Medical College Project

ROURKELA:March 17, 2016  A year after Prime Minister Narendra Modi announced that the Rourkela Steel Plant (RSP)-run Ispat General Hospital (IGH) will be converted into a super specialty hospital and medical college, the Steel Authority of India Ltd (SAIL) will finally begin work for th

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SAIL on Major Expansion Drive

  NEW DELHI: The country’s largest steel producer SAIL will invest over Rs 10,200    crore on mine development as the domestic steel giant embarks on a modernisation    and expansion programme.       The Maharatna P

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Inauguration of Rail Welding of SAIL Bhilai Steel Plant

Hindustan Steelworks Construction Limited successfully completed the civil work of the largest Welding Line of the country, involving 50,000m3 of RCC, under the capacity expansion programme of SAIL/Bhilai Steel Plant .This unit is a part of Universal Rail Mill Project and will produce 260m long r

Posted Date :  30-01-16

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Chairman SAIL PK Singh interacts with SAIL collective

New Delhi.  Steel Authority of India Ltd.’s (SAIL) Chairman,  Shri P.K. Singh is   visiting all steel plants of the company to interact with the entire collective and   energize the employees during these challenging times. His initiative is aimed at

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SAIL Employees celebrates foundation day

Bokaro. Bokaro Steel Plant (BSL) observed January 24 as SAIL Day with a lot of fervour and enthusiasm.  The highlight of the SAIL Day programme was the SAIL Day run was organised in the morning at the Mohan Kumarmangalam Stadium. The run was flagged-off by Bokaro Steel CEO An

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SAIL`s new chairman P K Singh visits Durgapur Steel Plant

KOLKATA: In his first visit since taking charge as chairman of Steel  Authority of India Limited P K Singh, visited SAIL`s Durgapur Steel Plant (DSP) on Sunday (January 3, 2016) . He was accompanied by G Vishwakarma, Director (Projects & Business Planning), SAIL.

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SAIL Provides Rs 50 Cr for Chhattisgarh Technical University

  RAIPUR. SAIL has supported Chhattisgarh Technical University with Rs 50 crore,  for promotion of technical education and industry-education collaboration.   Industrial Training Institutes (ITIs) have also been set up at Gua Mines and Bokaro  and two new ITIs are bein

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Dr N Mohapatra takes charge as SAIL’s Director (Personnel)

New Delhi, 27.11.2015: Dr. N. Mohapatra, has taken charge of the Director (Personnel) of Steel Authority of India Limited (SAIL). Prior to this he was, Executive Director (Personnel) at SAIL’s IISCO Steel Plant, Burnpur and Bokaro Steel Plant, Bokaro.   Dr. Mohapatra is a doc

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7 Independent Directors appointed in SAIL,POWERGRID,NHPC and SJVN

NEW Delhi . Govt has appointed 7  Independent Direcors for CPSEs. Former Secretary in the GoI Ms Anshu Vaish has been appointed part-time Director in the Steel Authority of India Ltd. (SAIL).Shri Jagdish Ishwarbhai Patel  appointed as Part-time Non-official Director of Power Grid Corpor

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Make in India’ theme at SAIL’s IITF pavilion

NEW DELHI .  The SAIL’s stall at the ‘Steel Pavilion’ at India International Trade Fair  at Pragati Maidan was inaugurated today by Additional Secretary and Financial Advisor, Ministry of Steel, Bharathi S. Sihag and other senior officers were present on the occasion.

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SAIL Sweeps CII EXIM Bank Awards for Business Excellence

BANGLORE. SAIL plants were awarded with CII-EXIM Bank Award for Business Excellence during the Business Excellence Awards Nite organised at Bengaluru, recently. SAIL’s Bhilai Steel Plant bagged the first prize for exceptional business excellence initiatives. Chief Minister of Karnataka, S.

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SAIL`s Bhilai Steel Plant win CII-EXIM Bank awards.

BANGLORE. SAIL`s Bhilai Steel Plant, Rallis India win CII-EXIM Bank awards Steel Authority of India`s Bhilai Steel Plant and Tata enterprise Rallis India were on Friday awarded the CII-EXIM Bank  award for Business Excellence for 2015.   "The joy and importance goes up ma

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Vigilance Awareness Week observed in SAIL

New Delhi.A weeklong vigilance awareness week was observed at the corporate office of Steel Authority of India Ltd.  from 26th – 31st October, 2015. SAIL has adopted good governance and a vigilant way of working and all such initiatives undertaken by the company were highlighted during

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DD to show documentary on SAIL`s good governance activities

NEW DELHI: A 30-minute documentary showcasing the country`s largest steel producer SAIL`s good governance activities will be telecast on DD National on Tuesday.   The documentary is part of the initiatives being undertaken by state-run companies like SAILBSE 0.27 % for vigilance awar

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NTPC-SAIL Power Co gets green nod to expand Durgapur plant

DURGAPUR. NTPC  - SAIL  Power Company has got environment clearance for expansion of its Durgapur captive power plant in West Bengal with an investment of Rs 362 crore. The company is a joint venture between state-owned firms, the country`s major power producer NTPC and steel major SAIL

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Shri AK Pujari assumes charge of SAIL CMD

NEW DELHI: Medium Small and Micro Enterprises ( MSME) Secretary Shri A K Pujari today assumed charge as the chairman of steel  giant SAIL. Shri Pujari is also holding the additional charge of Steel Secretary.

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SAIL spends Rs 284-cr on R&D in FY`15, highest by an Indian co.

NEW DELHI.  SAIL  has spent Rs 284 crore on research and development (R&D) initiatives in the last fiscal ended March 2015, the highest by any steel maker in India, Steel Secretary Rakesh Singh said today.Singh, who also holds additional charge of SAIL Chairman, said during 2014-15

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SAIL lines up capex of Rs 7,500 crore for FY16

KOLKATA: SAIL has lined up a capex of Rs 7,500 crore for FY16 as part of its `Vision 2025`plan that aims to raise hot metal capacity to 50 million tonne in the next 10 years. SAIL`s optimism comes amidst a general sense of despondency in the domestic steel sector. Indian steel companies strugglin

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SAIL sweeps majority Vishwakarma Rashtriya Puraskar

New Delhi. In a function held at New Delhi Steel Authority of India Ltd.`s (SAIL) Director (Finance) Anil K. Chaudhary, Director (Technical), S.S. Mohanty and Director (Commercial), Binod Kumar felicitated SAIL employees who have won 15 out of the total 28 prestigious Vishwakarma Rashtriya Purask

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SAIL plans to raise hot metal production

CHENNAI. SAIL is planning to scale up production of hot metal to 50 million tonnes by 2025-26. This will place the company amongst the top global steel producers in the world. The capacities of crude steel and saleable steel have been planned at 48 million tonnes and 46 million tonnes respectivel

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SAIL bags EEPC INDIA National Award 2013-14

New Delhi. Steel Authority of India Ltd. (SAIL) was awarded with the  EEPC INDIA National  Awards for Engineering Export Excellence as the Star Performer for the year 2013-14. In the  financial year 2013-14, total exports of steel by SAIL was valued around Rs 1500 crores, which&nbs

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SAIL to spend Rs 7,500 cr on modernisation, expansion

NEW DELHI: Steel giant SAIL on Wednesday said it will spend Rs 7,500 crore on modernisation and expansion programme in the current fiscal ending March 2016. The public sector undertaking (PSU) also said it will seek shareholders nod to raise Rs 5,000 crore through securities to part finance

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Shri P K Singh selected for CMD, SAIL

NEW DELHI . PESB has recommended the name of Shri P K Singh, CEO , Durgapur Steel Plant for the post of CMD, SAIL. As many as 12 candidates had appeared for the interview.An alumnus of IIT-Roorkee, he started his career in SAIL at its Bokaro Steel Plant in 1980. Singh also worked in IISCO Steel P

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SAIL dispatches first consignment of blooms from ISP to Nepal

NEW DELHI. Steel Authority of India Ltd (SAIL) today said its modernised IISCO Steel Plant (ISP) dispatched the first export consignment of 45 wagons of steel blooms for rehabilitation work in earthquake-affected Nepal.   "The consignment amounting to 2,764 metric tonnes was f

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SAIL to set up mega steel plant in State in Odisha

Bhubaneswar: Steel Authority of India will set up mega steel plant in Odisha. Central team holds high level talk with Odisha Chief Minister Naveen Patnaik team on the proposed setting up of second SAIL-run steel plant in the state.  It should be noted that this will be the second mega steel

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Shri Rakesh Singh takes charge as SAIL Chairman

New Delhi. Shri Rakesh Singh, IAS, Secretary, Steel has taken additional charge of the post of Chairman, SAIL yesterday.   He has the experience of public sector management in the State of Punjab of about 13 years as a Chief Executive. He has also served on the boards of banks

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SAIL employees cooperative sets up hospital for rural people

KOKATA.. SAIL Employees Cooperative Credit Society has set up a hospital using a part of its surplus funds at Kalikapur in South 24 Parganas district of the state. Secretary of the 2,600-member cooperative Jyotirmoy Chakraborty said that the hospital has been set up at a cost of around Rs 22 cr

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Centre appoints CVOs in DDA, SAIL, NBCC

NEW DELHI: Jharkhand cadre IAS officers S K Satapathy and Shailesh Kumar Singh have been appointed as Chief Vigilance Officer (CVO) in Delhi Development Authority and Steel Authority of India Ltd, respectively.  Shri Sanjiv Swarup, a 1982-batch officer of Indian Railway Service of Electrical

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Release of SAIL Vigilance Manual

NEW DELHI . SAIL has  issued the “SAIL Vigilance Manual 2015” in corporating latest CVC guidelines on tenders, disciplinary proceedings  etc. The manual was released by Chairman, SAIL in a ceremony attended by Directors and Chief Vigilance Officer of SAIL.   &

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SAIL receives dividend from NSPCL

New Delhi.NTPC-SAIL Power Company Pvt Ltd (NSPCL) paid an interim dividend of Rs 80 Crores for financial year 2014-15. Ever since its inception in March 2001, NSPCL has continuously paid dividend . On behalf of SAIL, Chairman, SAIL,  Shri C.S. Verma received a cheque of Rs 40 Crores from CEO

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Chairman SAIL reviews performance of ISP, Burnpur

Burnpur. Chairman, SAIL, Mr. C.S. Verma made an extensive on-site review of the performance of the recently operationalised integrated stream of the Modernisation & Expansion facilities, in ISP Burnpur, today.     Mr Verma visited the Bar Mill, Continuous Casting Shop, Uni

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SAIL unit gets approval for producing ship building steel

Rourkela . Rourkela Steel Plant (RSP), a unit of the state-run Steel Authority of India Limited (SAIL), Thursday said it has received international approval for producing ship building grades of steel.   The American Bureau of Shipping (ABS) and Det Norske Veritas-Germanischer Lloy

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SAIL awarded good corporate citizen award 2014 by PHD Chamber

NEW DELHI.  Steel Authority of India (SAIL) was awarded the PHD Chamber Good Corporate Citizen Award 2014. Chairman, SAIL, CS Verma received the award from Union Minister of Road Transport, Highways and Shipping Niitn Gadkari today in a glittering award ceremony.   Chairman SAIL, C S Ve

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SAIL Chairman gets award for excellence in leadership

NEW DELHI . Shri CS Verma, chairman of public-sector steel maker SAIL, has been awarded the IIM-JRD Tata Award for ‘Excellence in Corporate leadership in Metallurgical Industries’ for the year 2014. The award was presented by steel and mines minister Narendra Singh Tomar in Pune on Fr

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Steel Secretary visits SAIL`s Ghaziabad Warehouse

NEW DELHI.  The Secretary Ministry of Steel, Shri Rakesh Singh accompanied by Chairman, SAIL Shri C S Verma visited SAIL`s warehouse at Ghaziabad. Shri Rakesh Singh appreciated the commitment of the employees and encouraged them to set benchmarks in customer friendly processes. SAIL employee

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SAIL to soon take call on setting up steel plant in MP

  NEW DELHI .   SAIL will soon take a call on setting up its second integrated steel plant in Madhya Pradesh at an estimated investment of Rs 20,000 crore.   The proposed new facility, if found economically viable in an ongoing feasibility study, could be set up

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Chairman SAIL visits IISCO Steel Plant

KOLKATA, IISCO Steel Plant (ISP) at Burnpur in West Bengal is on the verge of commencing integrated operations in its modern 2.5-million-tonnes-per-annum (mtpa) steel plant constructed at an investment of Rs. 17,000 crore, a SAIL release said.  SAIL Chairman CS Verma  reviewed the &ldqu

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SAIL gets dividend cheque from NTPC

  NEW DELHI . .   Shri C S Verma, Chairman SAIL, has received a dividend cheque of Rs. 43.14 crores from K K Sharma, CEO - NTPC-SAIL Power Company Pvt Ltd (NSPCL), On this occasion S V Shahi, CFO - NSPCL; Anil Chaudhary, Director - Finance, SAIL and S S Mohanty, Director - Technical

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NTPC-SAIL Power Company pays Rs 86.28 crore dividend

  NEW DELHI.  NTPC-SAIL Power Company paid a dividend of over Rs 86 crore to the government. Shri K K Sharma, CEO, NSPCL alongwith Shri S V Shahi ,CFO, NSPCL presented a dividend cheque of  Rs. 43.14 crore to Dr. Arup Roy Choudhury, CMD, NTPC  in the presence of Shri I J K

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SAIL awarded BT award for excellence in HR Management

NEW DELHI .  Steel Authority of India Limited  was awarded the prestigious BT Award for excellence in Human Resource Management in the Maharatna/Navratna Category for the Year 2014 . The award was received by Shri C.S. Verma Chairman SAIL from Dr. Jitendra Kumar Singh,  Union Minis

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SAIL Q4 profit marginally up 1.35 pc at Rs 452.58 crore

NEW DELHI .   Steel Authority of India Ltd has reported a marginal 1.35 per cent increase in standalone net profit to Rs 452.58 crore in the quarter ended March 31, as expenses climbed.The state-owned company had posted a profit of Rs 446.53 crore in the January-March quarter of 2012-13.

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SAIL Chairman gets `CEO of the Year` award

New Delhi, Steel Authority of India Ltd (SAIL) Chairman C S Verma has been adjudged ‘CEO of the Year’ at the 2014 Platts Global Metals Awards.   The award is in recognition of a comprehensive leadership style demonstrated by Verma that has placed the country’s large

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SAIL RSP starts CDI and blowing station at new Blast Furnesh

ourkela.  Steel Authority of India Limited has operational!sed new facilities at its Rourkela blast furnace, the largest in the country, to boost hot metal production. Chairman SAIL Mr C S Verma who was on a visit to the plant witnessed the operationalisation of new Coal Dust Injection a

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SAIL Durgapur unit adds 125 tonne ladle furnace

DURGAPUR.  The modernisation and expansion drive of Steel Authority of India Limited has crossed yet another landmark with Durgapur Steel Plant adding on stream a new 125 tonne ladle furnace having a capacity of one million tonne per annum. It has been installed at a cost of INR 53 crore.&nb

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SAIL, CII ink MOU on ensuring water efficiency

NEW DELHI .  A Memorandum of Understanding (MoU) was signed between the Steel Authority of India and CII - Triveni Water Institute for a joint partnership towards water conservation and management towards improving efficiency and competitiveness.       Under th

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SAIL commissions Rs. 730 cr new plant at Bhilai

BHILAI.    Steel Authority of India Ltd (SAIL) on Wednesday announced commissioning of a Rs. 730-crore new sinter plant at its Bhilai facility as part of its Rs.17,265 crore modernization plan.   The new facility to produce 3.708 MT sinter per annum was made operational by

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SAIL to invest Rs 17,265 cr for Bhilai plant capex

NEW DELHI .  Steel Authority of India (SAIL) would enhance its Bhilai plants capacity to 7.5 million tonnes (mt) per annum from current 5 mt, that would entail an investment of R17,265 crore. This is part of the total outlay of R72,000 crore for modernisation and expansion plan of the compan

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SAIL CMD C S Verma visits GSL

PANJI.  Shri C S Verma, Chairman Steel Authority of India Limited (SAIL) visited Goa Shipyard Limited recently .  During the visit, Chairman SAIL had discussions with RAdm (Retd) Shekhar Mital NM CMD GSL on areas of mutual cooperation as well as issues pertaining to improving productivi

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SAIL, KIOCL to form Rs 450-cr JV for coke oven battery

NEW DELHI: SAIL and KIOCL, two PSUs under the Steel Ministry, are set to ink a joint venture partnership for setting up a three lakh tonne coke oven battery and a captive power plant at an estimated investment of Rs 450 crore in Karnataka. Sources close to the development said the facility wo

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SAIL-SBI Open trophy

NEW DELHI .  Chairman SAIL Mr CS Verma  and Minister of State for Parliamentary Affairs and Planning Mr Rajeev Shukla presenting the SAIL-SBI Open trophy and USD 54000 cheque to Delhi golfer Rashid Khan in the presence of Joint Secretary, Ministry of Tourism, Mr Anant Kumar (extreme rig

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SAIL posts 7% sales growth in Feb`14

New Delhi: , Steel Authority of India Limited (SAIL) continued the upward trend in its sales and production well into February 2014. The company registered 7% growth in sales in Feb ’14 compared to the same month last year (SMLY). For the cumulative 11-month period Apr 13 – Feb 14, SA

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SAIL Q3 profit up 10% to Rs 533 cr on higher sales, better price

New Delhi: Higher sales and better price helped state-run steel maker SAIL to post a 10 percent rise in profit after tax to Rs 533 crore for the October-December quarter of the current fiscal.  "Despite a subdued demand environment in the economy, our sales were up by 7 percent and net

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SAIL steels April-Jan sales by 8% as exports rise 47%

NEW DELHI .  ‘Most products in SAIL basket registered a considerable increase in sales this January, sales of flat steels rode the wave by growing by 23.5 per cent over the same month last year,’ Cumulative sales growth for flat steels in the ten-month period was 10.6 per cent ov

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SAIL-CMO awards exemplary employees

Kolkata,  Shri  Binod Kumar, Director (Commercial), Steel Authority of India Ltd. (SAIL), Wednesday awarded the Jawahar Award & Nehru Vishistha Karmachari Puraskar to 27 employees of the company’s Central Marketing Organisation (CMO) at a function held at Ispat Bhavan here.

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SAIL plans Rs 60,000 crore expansion in Bokaro in second phase

NEW DELHI: Months ahead of completing Bokaro plant's capacity addition to 5.7 million tonnes (MT), Steel Authority of India Ltd (SAIL) on Monday  said it plans to raise it further by another 10 MTPA with an investment of Rs 60,000 crore in the second phase. The investment, which is e

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SAIL-VISL`s Karnataka mine caught in tangle

NEW DELHI. SAIL`s Visesvaraya Iron and Steel Ltd (SAIL-VISL) unit has not been able to start mining iron ore in Karnataka for more than two years due to a tangle with the state government over the allotted area.    A 140 hectare area in the NEB range of Bellary district in Karna

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SAIL fails to steel the show on low net sales realisations

Mumbai. The country`s biggest steel producer, Steel Authority of India (SAIL), has not been able to increase its realisation per tonne in tandem with the value-addition it has done in its products in the last five years.  Since 2008-09, SAIL has increased the share of value-added products in

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SAIL in talks with ONGC to jointly explore coal-bed methane

NEW DELHI: State-run SAIL is in talks with India's biggest energy explorer, ONGC, to jointly explore coal-bed methane in coal blocks allocated to the steel major for captive consumption.    "SAIL has approached us for CBM (coal-bed methane) projects," ONGCBSE 2.31

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SAIL, RINL, MOIL to set up JV for ferro alloy plant

  NEW DELHI . SAIL, RINL, MOIL to set up JV for ferro alloy plant State-run MOIL Ltd, formerly known as Manganese Ore India Ltd, had inked two separate JV pacts with Steel Authority of India (SAIL) and Rashtriya Ispat Nigam Ltd (RINL) to set up two ferro alloy plants with a total outlay

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Shri Binod Kumar named SAIL Director

   Kolkata,Binod Kumar has taken over as Director, Commercial, of Steel Authority of India Ltd (SAIL). He was earlier SAIL’s Executive Director, Marketing – Special Steels. Kumar, who holds a B.Tech in metallurgy from IIT-Kanpur, had joined SAIL in 1980.  

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Worst over for steel sector; gross debt at Rs 21000cr: SAIL

  NEW DELHI . In an interview to CNBC-TV18, CS Verma, Chairman, SAIL said that the worst is over for the steel industry. Steel companies in India and globally have upped prices by Rs 1,500-2,000/tonne and USD 15-20/tonne respectively, so one should expect better realisations. He further

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SAIL registers 10 per cent growth in sales during November

NEW DELHI.   Steel Authority of India Limited (SAIL) on Thursday announced it had achieved total sales of 9.7 lakh tonnes in November 2013, a growth of 10 per cent over same month last year.   The company accelerated its export sales, with shipments to the tune of 61,000 tonnes

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SAIL bets big on auto demand

New Delhi,  Steel Authority of India Ltd (SAIL) is planning to set up a 1.2-million-tonne (mt) cold rolling mill for automobile grade steel at Rourkela. SAIL chairman C.S. Verma said the demand for steel from the auto sector was set to rise as the worst phase for both the auto and steel

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SAIL Bags Skoch award for Leadership

NEW DELHI .   SAIL Chairman Mr CS Verma receiving the Skoch award for Leadership from the Union Minister of Finance, Shri P Chidambaram and Deputy Chairman, Planning Commission of India, Dr Montek Singh Ahluwalia, at a ceremony held in the capital yesterday. The award was conferred on SAIL f

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Steel industry may face huge skilled worker shortage: SAIL

  NEW DELHI: Indian steel industry may face huge shortage of skilled workers by 2025 with the gap going up to as much as 60 per cent, Steel Authority of India  Chairman C S Verma said today.   "The industry is likely to face huge shortage of skilled workers for the

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SAIL may sail with RINL, MOIL as third partner in ferro alloy JV

NEW DELHI .Steel major SAIL may join as the third partner in RINL-MOIL joint venture (JV) for manufacturing ferro alloy as its plan for a separate unit with the manganese ore producer may not see the light of day.   MOIL Ltd, had earlier inked two separate JV pacts with SAIL and Rash

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SAIL Q2 net soars 117% to Rs 1,180 cr

NEW DELHI .  SAIL has posted a whopping 117% increase in its net profit at Rs 1,180 crore for the quarter ended September 30 this year, owing to one-time gain of Rs 1,056 crore for damages from foreign suppliers of coking coal as well as cheaper coal prices.  It had posted a net pro

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SAIL plans to raise at least 5 bln rupees via commercial paper

MUMBAI.  Steel Authority of India Ltd has invited bids on Monday to raise at least 5 billion rupees ($81.79 million) through an issue of short-term paper, a termsheet seen by Reuters showed. The country's largest domestic steel producer is looking to issue 69-73 day or 360-362 day commer

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SAIL to complete Burnpur plant upgradation in 3 months

 New Delhi,The country largest domestic steel producer, Steel Authority of India (SAIL), aims to complete modernisation and expansion of its IISCO Steel Plant (ISP) at Burnpur in West Bengal by December. ISP is being upgraded and modernised at a total cost of over Rs 16,000 crore, a

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SAIL achieves 8 pct growth in H-1 sales

New Delhi.  Steel Authority of India Limited (SAIL)  has claimed  that it recorded Saleable Steel Sales at 5.7 million tonnes in April-September, 2013, registering a growth of 8 percent compared to corresponding period last year (CPLY).   Saleable steel production regi

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SAIL to invest around Rs 800 cr to develop Bhilwara mine

 NEW DELHI .  SAIL plans to invest around Rs 800 crore to develop Bhilwara iron ore mine in Rajasthan and set up a pellet plant with 2 million tonne per annum capacity at the site.  The lease, granted to SAIL by the state government last week, is for the mine that is spread over 87

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SAIL to invest Rs 1.5 lakh-cr to up capacity to 50 MT by 2025

NEW DELHI: Close to achieving 24 million tonne capacity, SAIL today unveiled plans to take it to 50 million tonnes by 2025, entailing Rs 1.5 lakh crore investment.  "SAIL has formulated its vision document. We intend to ramp up our capacity to 50 mtpa by 2025. Our present hot metal capa

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SAIL sweeps Vishwakarma Rashtriya Awards

NEW DELHI .  SAIL Chairman   Shri  C S Verma  said at a felicitation ceremony for VRP awardees ,that i t is a matter of pride for all of us that 76% of awardees who have won the Vishwakarma Rashtriya Puraskar (VRP) are from Steel Authority of India Limited," SAIL won 6 ou

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SAIL gleaned 18 out of 28 Vishwakarma awards,

NEW DELHI .  The SAIL claimed that growth in sales was backed by the diligent efforts of SAIL employees as they proved their mettle in the Vishwakarma Rashtriya Puraskar (VRP) and Prime Minister's Shram awards.          In the VRP awards announced

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SAIL awarded for outstanding Rajbhasha implementation

NEW DELHI .  SAIL Chairman Mr CS Verma received the Indira Gandhi Rajbhasha Shield from Hon’ble President of India, Shri Pranab Mukherjee, for best implementation of Rajbhasha Policy by SAIL. The award was handed over in the Hindi Day ceremony organized in Vigyan Bhavan, New Delhi, on

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SAILs new mantra COIS to save Rs. 5000 cr

RANCHI .  an apex Strategic Confluence on Cost Control and Cost Competitiveness was organized by SAIL at its Management Training Institute, Ranchi during September 11-12, 2013. C S Verma, Chairman, SAIL, all the Functional Directors, Chief Executive Officers of the Integrated Steel Plants an

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SAIL aims to cut costs, save Rs 5,000 crore in three years

New Delhi, Steel Authority of India has decided to adopt a multi-pronged strategy to save Rs 5,000 crore over the next three years.       The cost-cutting strategy will involve input optimisation, improving operational efficiency, quick stabilisation of newly-commis

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SAIL incurs Rs 42,101 crore capex till July

NEW DELHI .   Steel Authority of India (SAIL) has incurred Rs 42,101 crore expenditure till July this year out of its proposed Rs 61,870 crore investment for capacity expansion during the current phase.      Steel Minister Beni Prasad Verma, in a written reply to Lok S

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SAIL rule for job on compassionate ground should be uniform

NEW DELHI . A Parliamentary panel has asked the largest domestic steel maker to ensure that a "uniform set of standard rules" is adopted by all its plants.Committee displeased over different sets of rules by different units of SAIL for employment on compassionate grounds, &qu

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Largest blast furnace starts operating at SAIL plant

NEW DELHI: Steel Authority of India (SAIL) today said the country's largest blast furnace has become operational at its Rourkela Steel Plant (RSP). "With the start of the new state-of-the-art furnace, hot metal capacity at RSP will increase to 4.5 million tonnes per annum (MTPA) from its

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