Indian steel makers agree to lower prices by 5-10 percent to fight inflation In a bid to fight inflation which has touched a three and a half years high, steel makers in India have announced that they would be cutting prices for flat steel products by Rs.4,000/tonne while steel bars and rods used in construction will be cheaper by Rs.2,000/tonne. 08 May 2008
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Tata, SAIL form equal venture for coal India's top two steel firms, Tata Steel Ltd and state-run Steel Authority of India Ltd announced on Thursday an equal joint venture to acquire and develop coal blocks in India. 03 Jan 2008
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SAIL Q2 net profit up 15 percent, below forecast State-run Steel Authority of India Ltd on Tuesday has reported a lower-than-expected 18 percent rise in quarterly profit due to higher freight costs, sending its shares down 5.6 percent. 30 Oct 2007
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India's Tata Steel Q2 net up 8 percent, beats forecast India's Tata Steel Ltd., the world's sixth-largest steel maker, said on Friday its September quarter net profit rose a better-than-expected 8 percent due to higher metal sales and foreign exchange gains. 26 Oct 2007
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BOC bags $80 million contract from SAIL, posts decline in net profits Industrial gases producer BOC India Ltd has inked a Rs. 318 crore ($80 million) deal with Steel Authority of India Ltd (SAIL) for setting up of two air separation units at SAIL's Rourkela Steel Plant and IISCO Steel Plant. 16 Oct 2007
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BHEL bags $190 million turnkey order from SAIL India’s largest power equipment manufacturing company, Bharat Heavy Electricals Limited (BHEL) has won a $190 million (Rs.765 crore) turnkey order, under international competitive bidding (ICB) process, from steel major Steel Authority of India (SAIL) for setting up a 62.2 MW captive power plant in Burnpur, West Bengal. 06 Oct 2007
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PSEs ink JV to set up steel plant in Chhattisgarh Three public sector enterprises (PSEs) under the Ministry of Steel, Government of India – Steel Authority of India Limited (SAIL), National Mineral Development Corporation (NMDC) and Rashtriya Ispat Nigam Limited (RINL) have signed a memorandum of understanding (MoU) in New Delhi, August 17, for jointly setting up a 4 million ton per annum (mtpa) capacity integrated steel plant in Chhattisgarh. 26 Aug 2007
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Posco, SAIL ink strategic partnership The world's fourth largest steel producer South Korean Posco and state-owned steel firm SAIL has inked an agreement which will allow them to enter into a strategic partnership to cooperate in the area of purchasing raw materials and sharing marketing network in India. 19 Aug 2007
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SAIL board OKs $2.6 billion expansion plan Steel Authority of India Ltd said on Wednesday its board had given in-principle approval for a Rs. 112.6 billion expansion plan. 05 Apr 2007
