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Tag Archives: SAIL)

SAIL lays down roadmap for recovery

Steel Authority of India Ltd (SAIL) has said that it has prepared a roadmap to turn profitable. In an official statement, the company said it will set an earnings before interest, tax, depreciation and amortisation (EBITDA) target for the next two to three years. In a communication to employees, Chairman…

SAIL records 26% turnover growth but profit declines

Steel Authority of India Ltd. (SAIL) registered a turnover of Rs 12,860 crore in the first quarter of FY18 posting a growth of 26 percent over the turnover of Rs 10,180 crore achieved in the corresponding period last year. In the same quarter, the total sales volume at 3.028 million…

Srivastava selected for Dir (HR) SAIL

Atul Srivastava (ED, SAIL) on August 10 selected for the post of Director (HR) Steel Authority of India Limited (SAIL). Subject to the requisite clearances and ACC approval Srivastava will replace Dr N Mohapatra in SAIL who retired on June 30 this year. Nine candidates had appeared before PESB today…

SAIL chairman visits Bokaro plant

SAIL Chairman P.K. Singh has exhorted employees of Bokaro steel plant to face up the challenges and maximize profits. In a visit to the plant where he interacted with a large group of plant workers, he drew the attention of workers to the modern facilities at the plant and urged…

SAIL remains EBITDA positive

File Photo

  SAIL’s continual thrust on gaining operational excellence has led to the company remaining EBITDA positive for four consecutive quarters, which stood at Rs 671.6 Crore vis-à-vis Rs (-) 2,203 Crore over the corresponding period of last year, recording an increase of Rs. 2875 Crore. The Company has narrowed down…

SAIL steels India’s connectivity drive

File Photo

Steel Authority of India Ltd. (SAIL) has emerged as the main supplier of steel for constructing the country’s longest Dhola-Sadiya bridge on the river Lohit. The bridge connects Assam with Arunachal. SAIL has supplied around 90% or around 30,000 tons of steel, including TMT, Structurals, and Plates for this bridge….

Birender Singh: SAIL-Arcelor Jt. venture soon

SAIL & Arcelor Mittal would soon formalize the parameters of a Joint Venture for the production of automotive-grade steel, said Union Minister Birender Singh, while addressing a press conference in New Delhi on Tuesday. Highlighting the achievements of the Steel Ministry during the 3 Years of NDA Government, he said…

11 CVOs to be appointed next year

As many as eleven CVOs may be appointed in various Central PSUs and autonomous bodies next year. The CVO posts in SAIL and V O Chidambanar Port Trust will fall vacant in April 2017 whereas OICL will get a new CVO in May. Similarly, CVO posts in MECON, Pawan Hans…

24 promoted to ED in SAIL

As many as twenty four Executive Directors have been promoted in SAIL as follows: 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 Law…

10 CPSEs won SCOPE Meritorious Awards for 2014-15

SAIL, NTPC, GAIL, REC, HAL, PFC, HPCL, NALCO, WAPCOS & REIL have won the SCOPE Meritorious Awards for 2014-15, following their selection by a panel of juries headed by former CJI R C Lahoti and comprising of Padma Bhushan Moosa Raza, former Secretary to the Govt. of India, Padma Bhushan…

Ms Mondal selected for Dir (Commercial), SAIL

Ms Soma Mondal, Director (Commercial), NALCO has been selected for the post of Director (Commercial), Steel Authority of India Limited (SAIL) in the selection interveiw held today by the PSU headhunter. As many as 10 candidates turned up for interview before the Public Enterprises Selection Board. Presently Binod Kumar is…

SAIL-ArcelorMittal feasibility report almost complete

The joint working group of SAIL and ArcelorMittal, set up to prepare a feasibility report for the proposed $1 billion joint venture of the two companies to produce automotive steel in the country, has completed a major part of its work. This was announced by the two companies after a…

Honor for PSUs

  To credit public sector units for their role in boosting the economy, Dun and Bradstreet, global business information provider, on Monday launched a special section on “PSUs: Powering a Resurgent India”. The edition was released by Coal Secretary Anil Swarup.The winners of Dun & Bradstreet  Top PSUs Award, 2016…

ArcelorMittal-SAIL JV to get operational by end-year

The much-awaited joint venture (JV) between steel giant ArcelorMittal and state-run SAIL will be operational by December this year, Steel Minister Chaudhary Birendra Singh said on Thursday. “A MoU was signed earlier, but there were some issues related to production, etc, which will be sorted in a month or so….

SAIL to expand Rourkela unit capacity to 10 million tonnes

Steel Authority of India Ltd (SAIL) is looking to expand the capacity of its Rourkela unit to 10 million tonne per annum (mtpa) up from 4.5 mtpa now. The expansion plan may cost SAIL over Rs 30,000 crore considering the thumb rule that Rs 6,000-7,000 crore is needed for every…

SAIL implements VRS; 1,038 employees take the offer

The country’s largest steelmaker SAIL on Thursday 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. The state-run company has around 86,000 employees across its 10 plants spread across the country. In line with the consistent…

Two CMDs and six Directors of CPSEs retiring this month

Indianmandarins has reliably learnt that as many as many as six Directors on the Board of Central Public Sector Enterprises and two CMDs are due to retire this month. NEEPCO CMD P C Pankaj and IRFCL MD Rajiv Bhatt will demit their offices on attainment of retirement age on June…

Sail runs into a loss in Q4

   Steel Authority of India Ltd (SAIL) swung to a net loss of ₹1,230 crore in the fourth quarter of 2015-16 due to lower steel prices. The company had earned a net profit of ₹334 crore in the same quarter last year. During the quarter, the company’s net sales remained…

SAIL’s profit declines ₹1,528 crs due to cheaper imports & weak demand

Cheaper imports and weak demand resulting in a sharp fall in steel prices in the domestic market bled Steel Authority of India Ltd with a net loss of ₹1,528 crore for the third quarter of fiscal 2015-16 versus a a net profit of ₹579 crore in the same quarter last…

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