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SAIL turns red with Rs 329 cr Q2 loss, expenses surge to Rs 27,200 cr

 State-owned Steel Authority of India Limited (SAIL) on Thursday slipped into red posting a consolidated loss of Rs 329 crore during the quarter ended on September 30, 2022. It had clocked Rs 4,338.75 crore net profit during the July-September period of the preceding fiscal, SAIL said in a BSE filing. The company has also reported a fall in its total income at Rs 26,642.02 crore from Rs 27,007.02 crore in the same quarter a year ago. Its expenses increased to Rs 27,200.79 crore as against Rs 21,289 crore in the year-ago period. SAIL has also reported a fall in its crude steel output as well as sales. Its crude steel output fell to 4.30 million tonnes (MT) during the quarter under review from 4.47 MT in July-September period of FY22. Sales shrunk to 4.21 MT from 4.28 MT a year ago. A query seeking chairman's comments on the company's financial and operational performance during the September quarter remained unanswered. SAIL, under the Ministry of Steel, is the country's largest s
10-11-2022
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STEEL AUTHORITY OF INDIA LTD. - 500113 - Board Meeting Outcome for Unaudited Financial Results For The Quarter/Half Year Ended 30Th September, 2022

 Unaudited Financial Results for the Quarter/Half year ended 30th September, 2022
10-11-2022

Three Indian women among 20 Asian lady entrepreneurs in Forbes Nov issue

 Three top Indian businesswomen are featured in the Forbes Asia November issue highlighting 20 Asian women who came up with varying strategies that helped their businesses soar despite the uncertainty of the new normal and three years of Covid-19. Soma Mondal, the chairperson of Steel Authority of India Ltd, Namita Thapar, executive director at India business of Emcure Pharma, and Ghazal Alagh, co-founder and chief innovation officer of Honasa Consumer, are on the list. Some of these women operated in hard-hit sectors such as shipping, property, and construction, while others continue to innovate in areas such as technology, pharmaceuticals, and commodities, Forbes said in a press release on Tuesday. The Asia-Pacific region this year has mostly moved on to a post-pandemic era where governments, people, and businesses are learning to live with Covid-19, it said. The other women on the list are from Australia, China, South Korea, Indonesia, Japan, Singapore, South Korea, Taiwan and ..
08-11-2022

Hot Stocks | Here's why you should bet on New India Assurance, SAIL for short term

 Traders are advised to continue with an optimistic approach and now, with other sectors chipping in, we expect a good broad-based buying in the forthcoming week.
07-11-2022
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STEEL AUTHORITY OF INDIA LTD. - 500113 - Board Meeting Intimation for Unaudited Financial Results Of SAIL For The Quarter And Half Year Ended 30Th September, 2022

 STEEL AUTHORITY OF INDIA LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/11/2022 ,inter alia, to consider and approve Unaudited Financial Results of SAIL for the Quarter and Half Year ended 30th September, 2022
03-11-2022

SAIL inks pact with AAI for initiation of commercial flights from Rourkela

 State-owned SAIL on Friday said that it has entered into a pact with Airport Authority of India (AAI) for facilitating the start of commercial flights from Rourkela in Odisha. Steel Authority of India Ltd (SAIL) has signed the operation and management contract with AAI through its unit Rourkela Steel Plant. The public sector enterprise had in 2018 signed a Memorandum of Understanding (MOU) for use of its own airport, under the regional connectivity scheme UDAN, for operation of commercial flights. The civil aviation ministry has rendered financial support for the upgradation of this airport. The Odisha government will deliver security, fire and ambulance services besides assisting with other local clearances. AAI, on behalf of SAIL - Rourkela Steel Plant, will operate and manage the airport. Regional Connectivity Scheme (RCS) -UDAN, a flagship project of the central government launched by the civil aviation ministry, envisages enhancing the regional air connectivity by providin
28-10-2022
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SAIL crosses 10,000 cr procurement mark on GeM portal
27-10-2022

Govt scraps sale of SAIL's Bhadravathi plant on low bidder interest

 During the current financial year (FY23), so far, Rs 24,543.67 crore has been obtained as disinvestment receipts against the target of Rs 65,000 crore
12-10-2022
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STEEL AUTHORITY OF INDIA LTD. - 500113 - Statement Of Investor Complaints For The Quarter Ended September 2022

 No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter 026260 Name of the Signatory :- MBBALAKRISHNANDesignation :- Company Secretary and Compliance Officer
06-10-2022
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STEEL AUTHORITY OF INDIA LTD. - 500113 - Closure of Trading Window

 Closure of Trading Window
30-09-2022
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