Investor Complaints For The Quarter Ending 30Th June, 2017.
Investor Complaints for the quarter ending 30th June, 2017.11-07-2017
11-07-2017
SAIL in talks with Canada's Teck Resources to buy coking coal
India seeks alternative supplies after Australia cyclone08-07-2017
Clarifies on News Item
The Exchange had sought clarification from the company with respect to news article appearing on thehindubusinessline.com on June 23, 2017 titled "SAIL disinvestment: SBI Cap engaged as transaction advisor, Luthra and Luthra legal advisor" The company replied stating "It is mentioned that SAIL vide its letter No.17(44) dated 29th November, 2016 had already informed to the Stock Exchange that Government of India, Ministry of Steel has communicated...27-06-2017
SAIL eyes South Africa, Canada for coal import
"SAIL is a buyer of around 12 million tonnes (mt). Out of this, 9-10 mt come from Australia (BHP Billiton). The supply by BHP is fluctuating. Sometimes it is not able to supply on time. As a result, SAIL is looking at other options," an official in the know said.26-06-2017
Clarification sought from Steel Authority of India Ltd
The Exchange has sought clarification from Steel Authority of India Ltd with respect to news article appearing on thehindubusinessline.com on June 23, 2017 titled "SAIL disinvestment: SBI Cap engaged as transaction advisor, Luthra and Luthra legal advisor."The reply is awaited.23-06-2017
As SAIL's modernisation draws to a close, it faces new challenge
It must educate buyers about differentiating properties of its products from that are in the market12-06-2017
India a 'bright spot' for global steel output growth, states BMI Report
SAIL, Tata steel to drive growth in the sector08-06-2017
SAIL: Profitability uptick holds key to upgrades
The Steel Authority of India Ltd (SAIL) stock has not moved much since its results, despite the company being in the news for its joint venture (JV) with ArcelorMittal for an automobile-grade steel plant and a mega expansion plan. This is due to the worries on its profit. Operating profit, which got a boost during the first half of FY17, helped by higher realisations and lower input costs (primarily coal), slipped into the red during the second half. Volatility in coking coal prices was the primary reason, as the company is largely dependent on external coal supplies, mostly imported. Losses at the operating level have increased over the past two quarters.Concerns on rising wage costs remained, as the company set aside ~107.15 crore for pay revision from January. What gives comfort is the expectation of wage costs of around ~9,600 crore in FY18. This has surprised analysts at Jefferies, who have since cut their FY18 wage cost estimates by about eight per cent. Concerns on interest...06-06-2017
ArcelorMittal, SAIL agree to mediator's proposal to advance Indian venture
ArcelorMittal and Steel Authority of India Ltd (SAIL) have agreed to a proposal to export a fifth of the auto-grade steel they aim to make under a planned $913 million joint venture, according to a document obtained by Reuters.31-05-2017