Deals Buzz: PE investment volume falls 23% in 2016, says report
In other news, Standard Chartered PE invests $17 million in IFMR Capital and SAIL in talks with Japan's Nippon Steel, Kobe for tie-ups20-12-2016
20-12-2016
Reality check: SAIL
Smooth SAILIn a break from the past seven successive quarters of decline, Steel Authority of India (SAIL) posted 21 per cent (year-on-year) jump in revenue to 12,578 crore in the September 2016...11-12-2016
SAIL posts sixth straight quarterly loss
SAIL lost Rs7.3 billion in the three months through September compared with a shortfall of Rs11.1 billion a year ago, the company said in a statement09-12-2016
Announces Q2 results and Limited Review for the Quarter Ended September 30, 2016
Steel Authority of India Ltd has announced the following Un-Audited Standalone results for the quarter ended September 30, 2016 :The Company has posted a net loss of Rs. (7315.80) million for the quarter ended September 30, 2016 as compared to net loss of Rs. (11080.40) million for the quarter ended September 30, 2015. Total Income has increased from Rs. 104780.80 million for the quarter ended September 30, 2015 to Rs. 126457.60 million for the quarter ended September 30, 2016.08-12-2016
SAIL's Debt At Rs 35,144 Crore On Dearer Coal, Low Realisation
The country's largest steelmaker SAIL's borrowings rose to Rs 35,144 crore as on October 2016 hit by declining net sales realisation (NSR) and high coking coal prices, Parliament was informed.05-12-2016
Rajya Sabha members oppose Govt's move to disinvest SAIL subsidiaries
Last week SAIL has said that govt has given in-principle approval for strategic disinvestment in Salem Steel Plant, Visvesvaraya Iron and Steel Plant and Alloy Steel Plant02-12-2016
Government To Hold Auction To Identify Buyers For 3 SAIL Units
Government will hold auction to identify strategic buyers for SAIL subsidiaries -- Bhadrawati, Salem and Durgapur.29-11-2016
Strategic Disinvestment of certain CPSEs under Ministry of Steel
Steel Authority of India Ltd has informed BSE that Government of India, Ministry of Steel has communicated the in principle approval of the Cabinet Committee on Economic Affairs (CCEA) of the Government of India for strategic disinvestment of the Bhadrawati, Salem and Durgapur (Alloy Steels Plant) Units of Steel Authority of India Limited. Disinvestment of these Units shall be to strategic buyer(s) to be identified through two stage auction process,...29-11-2016
Q2 results on Dec 08, 2016
Steel Authority of India Ltd has informed BSE that the meeting of the Board of Directors of Company will be held on December 08, 2016, inter-alia, to consider, approve and take on record the Unaudited Financial Results of the Company for the half year ended September 30, 2016 (Q2).Further, in view of the above meeting of the Board of Directors, the Trading Window of the Company shall remain closed from December 01, 2016 to December 10, 2016 (both days inclusive)....29-11-2016
Govt Approves Strategic Disinvestment of Salem Steel Plant
Government has in-principle approved strategic disinvestment of loss-making subsidiary of India's largest steelmaker SAIL, Salem Steel Plant (SSP), Parliament was informed on Monday.28-11-2016