SAIL (68.8)
Investors with a short-term perspective can consider selling the stock of Steel Authority of India at current levels. The stock has been in a medium-term downtrend since encountering a key resistan19-03-2018
19-03-2018
Announcement under Regulation 30 (LODR)-Change in Directorate
On nomination by Government of India and approval of the Board of Directors of the Company, Shri Atul Srivastava, Executive Director(P&A;), Durgapur Steel Plant, SAIL has joined as Director(Personnel) on the Board of Directors of SAIL on 12th March, 2018. Brief profile of him is enclosed.13-03-2018
Announcement under Regulation 30 (LODR)-Cessation
On completion of her tenure in the Ministry of Steel, Mrs. Urvilla Khati, Nominee Director of SAIL has ceased to be a Director on the Board of Directors of Steel Authority of India Limited(SAIL) w.e.f. 28th February, 2018(AN).13-03-2018
SAIL crude steel production up 9% to 1.27 mn tonnes; targets higher output
SAIL is in the final leg of completing the modernisation and expansion03-03-2018
Announcement under Regulation 30 (LODR)-Cessation
Shri Kalyan Maity, Director(RM&L;), SAIL has ceased to be a Director on the Board of Directors of Steel Authority of India Limited(SAIL) w.e.f. 28th February, 2018(AN).01-03-2018
SAIL records robust turnaround: Expansion plans continue to drive volumes
The company's higher realisation and cost initiatives have pushed up profitability20-02-2018
Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
In terms of Regulation 30(1) of SEBI(LODR) Regulation, 2015, it is informed that the Company is inviting Expression of Interest(EoI) from Interested Bidders for Strategic Disinvestment of its Alloy Steels Plant at Durgapur.13-02-2018
Sail hasn't been a favored stock with analysts, but finally turns in a profit
Delhi-based steel maker SAIL has turned profitable in the December quarter after a string of quarterly losses, helped in part by a friendlier policy environment for the Indian steel industry. The government introduced a preference for locally made steel in public procurement, and passed multiple measures to control cheap imports. This along with a rise in global steel prices has also driven up margins for private steel companies, despite increases in iron ore prices. Sail reported a revenue growth of 21% YoY to Rs. 15,324 crore, and a net profit of Rs. 43,2 crore compared to a loss of Rs. 794.8 crore in the same period last year. SAIL's share price is up on the news. Analysts have been bearish about SAIL. There have been no recent buy calls on the company due to the loss making trend in the past couple of years.09-02-2018
After 10 straight quarters of losses, SAIL back in black in Q3 at Rs 431 mn
Quarterly revenue from operations rose 21.4 percent to Rs 153.24 billion08-02-2018
Unaudited Financial Results For The Quarter/Nine Months Ended 31St December, 2017.
Unaudited Financial Results for the quarter/nine months ended 31st December, 2017.08-02-2018