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SAIL and BHP sign MoU to support steelmaking decarbonisation – ET Infra

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Government owned steel producer, the Steel Authority of India Limited (SAIL) and BHP have signed an initial agreement to decarbonise the steel making process. The Memorandum of Understanding (MoU) states that following an initial study of different strategies to reduce emissions of greenhouse gases (GHG), both companies have begun exploring a number of phases supporting […]

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Centre, SBI join hands to rescue debt-hit RINL – ET Infra

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NEW DELHI: The government is working with State Bank of India (SBI) to find a way out for the debt-ridden Rashtriya Ispat Nigam Limited (RINL), said people with knowledge of the matter. SBI has made a presentation to the Department of Financial Services (DFS) secretary and steel secretary, outlining the possible options for the beleaguered

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Steel ministry pushes for merger of debt-hit RINL with SAIL – ET Infra

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Privatisation of RINL was ruled out by Union steel minister HD Kumaraswamy shortly after he took charge in July. The steel ministry is “actively working” towards the merger of Rashtriya Ispat Nigam (RINL) with Steel Authority of India Ltd (SAIL), said a senior government official, a development that comes in the backdrop of outgoing RINL

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SAIL willing to participate in Critical Mineral Mission: Chairman Amarendu Prakash – ET Infra

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NEW DELHI: SAIL, the country’s largest steel player, is willing to participate in the Critical Mineral Mission, which aims to secure the country’s critical mineral supply chain by ensuring mineral availability from domestic and foreign sources, the company’s Chairman Amarendu Prakash said on Thursday. The Union Budget 2024-25 had proposed launching a Critical Mineral Mission

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SAIL sees steel prices slipping further in current quarter – ET Infra

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Steel Authority of India expects its blended realizations to sequentially fall another Rs 1,000 per tonne this quarter, as local steel prices continue to be weighed down by cheap Chinese imports, a senior executive said. Net sales realization, or blended steel prices for the June quarter, stood at Rs 53,700 per tonne, down Rs 800

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SAIL Q1 Results: Net plunges over 60% as steel prices melt on import pressure – ET Infra

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Public sector undertaking Steel Authority of India Ltd (SAIL) reported an over 60% decline in consolidated net profit for the first quarter of financial year 2024-25 to ₹81.78 crore. A company statement attributed decline in profits to fall in domestic sale price of steel due to pressure from imports. The company’s consolidated total income slipped

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Govt, steel companies to join hands for procuring coking coal abroad – ET Infra

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The government is collaborating with the steel industry to prepare a “one nation, one buying coking-coal policy”, a move aimed at enhancing India’s leverage over prices of imported coking coal, said steel secretary Nagendra Nath Sinha. “Individual steel manufacturers such as SAIL and Jindal import coking coal based on their requirements. But this fragmented approach

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Punjab National Bank signs pact with SAIL to offer loans – ET Infra

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State-owned Punjab National Bank has signed a pact with Steel Authority of India to provide home loan, car loan and education loan to the latter’s employees at concessional rates. This strategic partnership aims to enhance the financial well-being of Steel Authority of India Ltd (SAIL) employees while expanding PNB’s customer base within the steel sector,

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Steel body wants merger of three Companies with SAIL for synergy – ET Infra

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The Steel Executives Federation of India (SEFI) has urged the steel ministry to merge state-run Rashtriya Ispat Nigam Limited (RINL), Ferro Scrap Nigam Limited (FSNL) and Nagarnar steel plant with the Steel Authority of India Limited (SAIL), bringing together the expertise of each of these firms to form a mega public sector undertaking. The federation,

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SAIL rolls out work flexibility to net talent; to add 1,000 at entry level people in FY25 – ET Infra

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NEW DELHI: As an outlier in the public sector enterprise space, the country’s leading steel producing company Steel Authority of India Limited (SAIL) is bringing in work flexibility and agility for over 55,000 employees. One of the first PSUs to make such a move, it intends to hire over 1000 mostly at entry level people

SAIL rolls out work flexibility to net talent; to add 1,000 at entry level people in FY25 – ET Infra Read More »

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