Steel Authority of India News

SAIL has released vacancies for doctors Selected doctors will be posted at Ispat General Hospital, Rourkela The last date to apply is July 12, 2021

The application process for the SAIL recruitment will begin on April 1, 2021 Last date for application will be on May 7, 2021

ArcelorMittal, the world`s largest steel producer, said on Wednesday it has agreed to make concessions to Steel Authority of India on technology transfer to seal a delayed $897 million automotive joint venture.

Even as analysts are upbeat over the expected above normal monsoon and higher GDP growth, they have raised concerns over the slow pace of public and private sector projects and funding constraints, which they feel can have an adverse impact on the steel demand in India.

 Country's largest steel maker SAIL will spend around Rs 6,000 crore this fiscal on various modernisation and expansion programmes as well as on research and development (R&D) initiatives.

State-run SAIL has completed the current phase of the modernisation and expansion of the Bokaro Steel Plant with an investment of Rs 6,325 crore, Parliament was informed Wednesday.

Sales of steel major SAIL took a hit of 2.3 percent at 11.8 million tonne (MT) in the fiscal ended March, 2015, due to subdued demand in during the July-December period.

Prime Minister Narendra Modi on Wednesday inaugurated the second modernization project of Rourkela Steel Plant (RSP) in Odisha.

The floor price of Rs 83/share indicates a 2.75 per cent discount to the closing price of SAIL scrip that ended 0.35 per cent down at Rs 85.35 on the BSE.

Steel Authority of India plans to raise up to Rs 5,000 crore debt this fiscal by issuing secured non-convertible debentures or bonds in tranches to part-fund its capital expenditure.

The government is also planning to sell a 5 percent stake in state-run Steel Authority of India Ltd this fiscal year to shore up its finances.