Tag «SAIL»

Foreign Collaboration in Steel Sector

The details of Memorandum of Understandings (MoUs) signed by Steel Authority of India Limited and NMDC Limited with foreign companies for setting up joint venture in the steel sector are given below: S.No. Name of the Indian Company  Name of the Foreign Company Date of signing ofMoU. Details ofMoU/Present Status Likely benefits. 1. Steel Authority of India …

DANIELI targets Indian steel market

    Sanat Kumar Bhaumik a first class mechanical engineering graduate from Bengal Engineering College, Shibpur, University of Calcutta with MBA from All India Management Association, New Delhi has more than 37 years of total experience in MECON Limited, Wean United Inc., Siemens VAI Metals Technologies and Danieli India in the areas of design, technology, …

Investment in Steel Sector

The Minister of Steel, Shri Beni Prasad Verma has said that Steel is a deregulated sector.  The role of Government is that of a facilitator.  The Government promotes /encourages growth of steel industry through suitable policy measures based on its assessment of industry performance.  As far as the setting up of steel investment projects is concerned, the size …

Reduction in Profit of SAIL

The Minister of Steel, Shri Beni Prasad Verma has said that Profit After Tax (PAT) of Steel Authority of India Limited (SAIL) during April to September, 2012 at Rs. 1240 crore has been lower by 7.04% over corresponding period last year (April-September 2011) mainly due to adverse impact of input prices, particularly imported coal, salary & …

Steel Minister Reviews Performance of Sail

The Union Minister of Steel, Shri Beni Prasad Verma has reviewed the performance of Steel Authority of India Ltd (SAIL) here today. The Secretary, Ministry of Steel, Shri D.R.S. Chaudhary was also present on the occasion. Chairman SAIL, Shri C.S. Verma made a presentation on the performance of SAIL during the first half of the …

World Steel Association elects new officers and welcomes new members

New Delhi, 10 October 2012 – The Board of Directors of the World Steel Association (worldsteel) has elected the following new officers for 2012/2013: Chairman: Alexey Mordashov, General Director, Severstal JSC Vice Chairmen: Xiaogang Zhang, President, Anshan Iron & Steel Group Corporation Joon-Yang Chung, Chairman and CEO, POSCO Treasurer: John Surma, Chairman and CEO, United …

Government decides not to Proceed for the Time being with the initial Public offer of 10% Paid-P Equity Shares Of Rashtriya Ispat Nigam Limited (RINL);

 Government Remains Committed to the Disinvestment Programme and will Evaluate the Decision in due Course keeping in View all Relevant Factors. Rashtriya Ispat Nigam Limited (RINL) had earlier proposed to make an initial public offer of 488,984,620 Equity Shares of Rs. 10 each by way of an offer for sale by the President of India, …