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AMARENDU PRAKASH SAIL
After NMDC and MECON, steel maker SAIL opens office in Dubai to boost global presenceSteel Authority of India Limited has opened a representative office in Dubai. The aim is to boost steel exports and strengthen trade ties. ...
SAIL FY25 net profit falls 23% to Rs 2,371 croreSteel Authority of India Limited's consolidated bottomline saw a 22.66% decline for fiscal year 2024-25. The total income stood at Rs 1.03 ...
India expected to surpass 300 MT capacity target by 2030: SAIL chairmanIndia is projected to exceed its 300 million tonnes steel capacity target by 2030, reaching 330 MT instead. Initially deemed unrealistic in...
SAIL Q2 Results: Profit falls 31% to Rs 897 crore, total income down 16.8%Steel Authority of India Ltd (SAIL) reported a 31% YoY decline in Q2 net profit to Rs 897.15 crore, with total income down 16.8%. Lower per...
SAIL-BHP to jointly forge steel decarbonisation planSteel Authority of India Limited (SAIL) and BHP signed an MoU to explore decarbonisation strategies for SAIL's integrated steel plants. The...
SAIL Q1 Results: Net plunges over 60% as steel prices melt on import pressureSAIL experienced a substantial decline in net profit, falling over 60% to ₹81.78 crore in Q1 of FY 2024-25, due to reduced domestic steel p...
SAIL Q1 Results: Net profit slumps 93% YoY to Rs 11 crore on weak pricing, exceptional itemThe steel maker had an exceptional loss of Rs 312 crore. The state-owned steel company reported a 3% year-on-year increase in steel sales d...
Keeping close watch on steel imports: SAIL Chairman Amarendu PrakashIndia's largest steel player, SAIL, is closely monitoring steel imports amid concerns over China's heavy tariffs on electric vehicles, batt...
SAIL directors suspended after Lokpal concludes discrepancies in commercial dealsTwo directors and multiple executive director level officers of Steel Authority of India Limited (SAIL) were suspended after the Lokpal con...
SAIL working on plans to expand capacity by 15 MT in phase 1: Chairman Amarendu PrakashState-owned steel maker SAIL is planning to expand its installed capacity by 15 million tonnes in the first phase, with the current capacit...
SAIL wants to increase coking coal purchases from RussiaCoking coal, a key raw material in steelmaking, is in short supply and Russian coking coal is cheaper compared with the ones from Australia...
SAIL plans to begin trial production of special rails by month-end: Chairman Amarendu PrakashSteel maker SAIL plans to begin trial production of head hardened (HH) rails used in metro rail and freight corridor projects by the end of...
SAIL sources 6 lakh tonne coking coal from Russia in 8 shipments: Chairman Amarendu PrakashState-owned SAIL has sourced 8 shipments of coking coal, each weighing 75,000 tonnes, from Russia between April and September of FY24. The ...
SAIL expects four coking coal ships from Russia in Sept quarterSteel Authority of India (SAIL) is expecting four shipments of coking coal from Russia in the September quarter, according to Chairman Amar...
Steel Minister Scindia inaugurates SAIL's Rs 149-cr beneficiation plant in ChhattisgarhUnion Steel Minister Jyotiraditya M Scindia on Friday inaugurated a Rs 149-crore beneficiation project of Steel Authority of India Ltd (SAI...
Amarendu Prakash takes charge as SAIL chairmanHe is a metallurgical engineer from BIT Sindhri and joined SAIL in 1991 as a Management Trainee (Technical). A company statement said Praka...
Rourkela Steel Plant registers 'best-ever' H1 production in key areasThe figures "are not only the highest for any half year (H1), but also a significant improvement of 42.9 per cent, 38 per cent and 37.8 per...