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 Nov 21, 2009  
 
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World’s biggest ship Oasis of the Seas set for sail
At 225,000 tonnes, Oasis of the Seas is, by far, the largest cruise ship ever built. Longer than New York City’s famed Chrysler Building, Oasis is so big that it has “neighborhoods” ....
 
India to raise Rs 17,000 cr from SAIL stake sale
The fresh issue will be used to part-finance SAIL’s Rs 70,000-crore expansion programme. Steel minister Virbhadra Singh, in a written statement to the Lok Sabha, said the disinvestment would be ....
 
SAIL slashes steel prices again
The company has further cut flat steel price by Rs 500 a tonne because of softening global trend, SAIL chairman SK Roongta said, but asserted he didn’t see the price falling further. SAIL recent....
 
SAIL-NMDC MoU for limestone project in HP
Mining major NMDC and Steel Authority of India Ltd. (SAIL) has signed a Memorandum of Understanding (MoU) to develop a limestone project at Arki in Himachal Pradesh. The proposed Rs. 260 crore joint v....
 
India’s SAIL cuts flat steel prices further
India state run steel utility, Steel Authority of India Ltd (SAIL), once again reduced the prices flat steel by Rs 500 per tonne in the tandem of weakening global prices.....
 
India’s SAIL to cut steel prices
Flat steel products are largely used by automobile and consumer durable sectors. According to reports, a small correction of Rs 400-500 per tonne may happen in the flat steel products category. Howeve....
 
30% rise in sales for Indian steel firms in Oct
Demand for steel is coming mainly from auto, rural construction and infrastructure sectors. The demand for construction grade steel, which slumped in August due to the monsoon, picked up again during ....
 
SAIL net profit falls by 17%
The steel maker had a net profit of Rs 2,009.60 crore during the same quarter last year. The better-than-expected result of the current quarter is not comparable with that in the same quarter last yea....
 
SAIL to trim steel prices in line with global trends
India’s state run steel utility, Steel Authority of India Ltd (SAIL) is planning to reduce steel prices in the tandem with falling global prices.....
 
SAIL finds iron ore deposit in Rajasthan
SAIL has to study the size of deposit and find out whether it would be sufficient for commercial exploitation. All depends on further evaluation of deposit and its commercial viability. Steel sector h....
 
SAIL divestment to begin this FY
The government has already approved a proposal for 20 per cent two-phase follow-on-public offer (FPO) of SAIL. The next phase was likely next year. Giving details of the divestment plans, steel secret....
 
Now, a warship from WTC steel!
USS New York LPD-21 warship – built in part using steel salvaged from the World Trade Centre – has set sail from New Orleans and will arrive in New York harbour on November 2, where it wil....
 
Battle for Chiria iron ore mines hots up
While all the six leases held by SAIL for the mine have expired, three out of the six are on deemed extension. The other three stand terminated. SAIL had taken up the matter of cancellation of mining ....
 
‘India’s steel consumption to go up 6%’
While talking to mediapersons in the capital city of New Delhi, SAIL director Shoeb Ahmed said steel demand has been buoyant in recent months on the back of rising infrastructure spending and a reviva....
 
No end to SAIL-Jharkhand row over iron ore mine
Jharkhand government is of the view that iron ore requirement projected by SAIL can be less while SAIL is justifying its demand. Therefore, no decision could be reached. However, Jharkhand government ....
 
SAIL divestment talks begin
The quantum of government’s holding to be sold through disinvestment and fresh equity to be raised through the public offering could not be ascertained.....
 
SAIL not to hike steel prices in Oct
According to the company, there is no upsurge in prices. The international prices are cooling off especially in the Chinese market. So there is not much uptrend expected in India in October.....
 
Chinese firms may lose SAIL contracts
Steel Authority of India (SAIL) is considering a ban on some Chinese contractors in its future projects after its poor experience with these companies.....
 
Steel price hike flayed
Cashing in on the rising demand and firming global trend, domestic steel firms like SAIL and Tata Steel have increased the prices of some of their products by up to Rs 2,000 in past two months, which ....
 
India’s steel consumption up by 4% in Aug
Against an increase in steel consumption, its production during the August fell 1% to 4.7 million tonnes. The fall came even as the leading steel producers such as Steel Authority of India (SAIL) and ....
 
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