Shyam Metalics and Energy Ltd on Thursday announced the appointment of former SAIL CMD Chandra Shekhar Verma as its independent director. Verma will join the strategic advisory board and participate in all key decision-making processes related to the company’s growth and development. “I am eager to contribute to the critical decision-making processes that drive the […]
State-owned steel maker SAIL has started working on plans to expand its installed capacity by 15 million tonnes (MT) in the first phase, the company’s Chairman Amarendu Prakash said. Its current installed steel-making capacity is about 20 million tonnes per annum (MTPA), Prakash said. “It has been kicked off. In the first phase, we are
SAIL working on plans to expand capacity by 15 MT in phase 1: Chairman – ET Infra Read More »
NEW DELHI: Steel Authority of India Ltd (SAIL) supplied the entire 4000 tonnes of Special Steel for India‘s indigenous sixth frigate ship, ‘Vindhyagiri‘, officials said on Wednesday. The ship is part of the Project P17A initiative undertaken by the Indian Navy and is being constructed by M/s Garden Reach Shipbuilders and Engineers Ltd (GRSE). President
SAIL supplies 4000 tonnes of special steel for warship Vindhyagiri – ET Infra Read More »
NEW DELHI: The government is working on a second leg of the performance-linked incentive (PLI) programme for the steel sector, focused on import substitution. “The steel ministry is likely to come up with PLI-2 which will further take care of the requirements of the Indian Railways and various other segments,” steel secretary Nagendra Nath Sinha
PLI 2.0 in works for steel, to focus on import substitution – ET Infra Read More »
The company attained its highest-ever sales performance in the first quarter by achieving a sales volume of 3.9 MT, posting a y-o-y rise of 24 per cent. Steel Authority of India Ltd (SAIL), under the Ministry of Steel, is among the top three steel producing companies in India having an annual capacity of around 20
SAIL crude steel output grows 8 per cent in Q1; sales rise 24 per cent – ET Infra Read More »
Representative Image NEW DELHI: State-owned SAIL has posted over 50 per cent fall in its consolidated net profit to Rs 1,159.21 crore for the quarter ended March 31, dragged down by lower income. It had clocked a net profit of Rs 2,478.82 crore during the January-March quarter of the preceding 2021-22 financial year (FY), the
SAIL reports over 50 pc fall in Q4 net profit – ET Infra Read More »
