steel authority of india

Steel companies’ margins may improve on lower input costs – ET Infra

The profitability of most domestic steel makers is set to improve by ₹500-₹2,000/tonne quarter-on-quarter in the three months to September, largely aided by lower cost of a key raw material, according to analysts, even as steel prices fell in the seasonally weak period. The cost of coking coal, which is used in the production of […]

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SAIL expects four coking coal ships from Russia in Sept quarter – ET Infra

SAIL Steel Authority of India is expecting four ships of coking coal from Russia in the September quarter, each with a capacity of 75,000 tonnes, Chairman Amarendu Prakash told reporters on Thursday. “We had four ships in the first quarter (April-June) and similarly we are expecting four such shipments in the quarter that ends in

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PLI 2.0 in works for steel, to focus on import substitution – ET Infra

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

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Steel companies’ Q1 margins hit by rising costs, low prices – ET Infra

Representative Image NEW DELHI: The operating profit of steelmakers is estimated to have dipped by Rs 2,000-3,000 per tonne of metal sold during the April-June period compared to the preceding quarter, experts said. Steel prices and sales volume during the quarter dipped sequentially while input costs continued a northward march, resulting in lower profitability, they

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SAIL crude steel output grows 8 per cent in Q1; sales rise 24 per cent – ET Infra

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 »

Amarendu Prakash takes charge as SAIL chairman – ET Infra

NEW DELHI: Amarendu Prakash took over as Chairman, Steel Authority of India Limited (SAIL) on Wednesday. Prior to this, Prakash was Director in-charge at Bokaro Steel Plant (BSL), a post he held since 2020. He is a metallurgical engineer from BIT Sindhri and joined SAIL in 1991 as a Management Trainee (Technical). A company statement

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Street cheers SAIL’s capex plans, guidance – ET Infra

MUMBAI: Shares of Steel Authority of India (SAIL) saw their sharpest jump in three months Monday after its management guided for a 15% growth in sales volumes and lower costs for FY24 and set a target of nearly doubling annual output in eight years. Shares rose more than 3% intraday before closing at ₹84.35 on

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