Shareholding for the Period Ended March 31, 2017
Steel Authority of India Ltd has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2017. For more details, kindly Click here10-04-2017
10-04-2017
Not a smooth SAIL for PM Modi's infra dreams, govt forms panel for revival
A review document, containing previously undisclosed data and seen by Reuters, criticises Steel Authority of India (SAIL) for everything from the use of low-quality raw materials to outdated technology, suggesting that its problems were not simply the result of cheap Chinese steel imports.31-03-2017
Government Seeks Ways To Revive SAIL After Damning Report
SAIL, which has been overtaken by JSW Steel as India's biggest producer, has posted seven straight quarterly losses, and Reuters reported last week that it was at risk of losing business from...30-03-2017
SAIL, ArcelorMittal to resolve difference by May
The joint venture will focus on producing specialised grade steel products for defence, space and automobiles.17-03-2017
Govt nod for strategic sale of 3 SAIL plants
The government has approved outright sale of state-owned SAIL's three special steel units, including Salem and Alloy Steel plants. SAIL has now sought advisors, including legal and merchant...05-03-2017
Change in Directorate
Shri Binod Kumar creased to be Director on the SAIL Board on attaining the age of superannuation w.e.f. 28.2.2017. Further Ms. Soma Mondal has joined as Director(Commercial), SAIL on 1.3.2017.02-03-2017
Final Call On Strategic Divestment Of SAIL Units By September
SAIL had earlier said the government will hold auction to identify strategic buyers for SAIL subsidiaries -- Bhadravati, Salem and Durgapur.26-02-2017
SAIL's output per employee only 6% of Tata Steel, despite fall in headcount
Efficiency as measured in output per employee at government-owned Steel Authority of India (SAIL) is well behind private sector peers JSW and Tata Steel.In 2015-16, its crude steel production capacity was 14.279 million tonnes. With 88,655 employees, this meant one employee for every 161 tonnes. JSW Steel's had 11,904 employees and produced 12.56 mt; the per-employee output was 1,055 tonnes. At Tat Steel, this metric was 2,680 tonnes.Wage cost is 21 per cent of SAIL's total cost. SAIL has trimmed its workforce by 1,000-1,500 employees annually for the past two; it announced a Voluntary Retirement Scheme in 2016. Its staff strength would be 83,000 by end-March 2017 and an estimated 79,000 by end-March 2018, still much higher than peers.SAIL's net loss for the quarter ended December narrowed to Rs 795 crore, from one of Rs 1,481.06 crore in the corresponding quarter a year before. Total expenses had risen to Rs 13,332 crore from Rs 11,759 crore in the comparative period....23-02-2017
SAIL targets highest ever iron ore production in FY17
Captive ore output in 9 months to Jan up 7%; four mines post 15-25% production growth in Jan alone18-02-2017
ArcelorMittal, SAIL's India joint venture talks at an impasse: Report
ArcelorMittal, SAIL's negotiations have come to a standstill after failed attempts to hammer out sticking pointsthe most important being a revenue-sharing formula17-02-2017