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SAIL AUDIT REPORT
Laxity found in ensuring safety by SAIL at Bhilai plant: CAG reportThe report was done to assess the compliance to stipulated Act/ Rules/ Regulations and Standard Operating Practices (SOP) and whether socia...
CAG pulls up SAIL for huge coking coal import despite 3 captive minesState-run SAIL requires about 15 million tonne (MT) coking coal annually, of which 12-13 MT is imported, Comptroller and Auditor General (C...
SAIL's expansion programme planning, execution not efficient: CAGSAIL failed to implement MEP within planned timelines and the capacity expansion at SSP only could be completed by September 2010, it added.
SAIL's exposure in International Coal Venture increased disproportionately to 49 per cent: CAGIn a report tabled in Rajya Sabha, the CAG said ICVL did not acquire any foreign coal assets in the first 5 years of its operations.
SAIL reports a 26% slide in Q4 net profit to Rs 334 croreSteel Authority of India reported a 26% slide in fourth quarter (Q4) net profit to Rs 334 crore on lower sales realization due to weak stee...
RSP gets international approval to produce ship-building grade of steelRSP is the only plant in SAIL which is exporting slabs and it has exported slabs to foreign customers to the tune of 2.5 lakh tonnes in the...
Mishaps fuel doubts over SAIL's safety recordThe state-run steel producer's safety record in the run up to its mega capacity expansion seems to be falling short of expectations.
SAIL registers sharp 72% decline in profit at Rs 446 croreCompany’s profit before tax fell 37% to Rs 3241 cr while profit after tax slumped 39% to Rs 2170 cr for the FY 2012-13, over corresponding ...
CAG pulls up steel PSUs RINL and SAIL for Rs 312-crore lossCAG has pulled up steel makers RINL and SAIL for deviating from set practice for product sales and making unsound business investment leadi...
- Invest properly in assets: CAG to ONGC Videsh
In a performance audit report on ONGC Videsh Ltd, the CAG stressed need to prepare guidelines on formation of joint ventures
- Govt mandates cost audits of over 100 companies
The government has mandated cost audits for over 100 companies, covering a host of sectors including pharmaceuticals, fertilisers, steel an...
- IOC, BHEL, SAIL do not have required independent directors:CAG
As many as 17 listed PSUs, including blue chip entities like Indian Oil, BHEL and SAIL do not have the requisite number of independent dire...
- SAIL seeks to rope in firms for power audit
State-run SAIL has invited bids from reputed agencies to get the power consumption pattern of its five steel plants audited, a move which m...
- SAIL seeks to rope in firms for power audit
SAIL has invited bids from reputed agencies to get the power consumption pattern of its five steel plants audited, a move which may help th...
- SAIL likely to ban three Chinese companies
Steel Authority of India (SAIL) is considering a ban on some Chinese contractors in its future projects after its poor experience with thes...
- Cos look at ways to cut tax on global deals
Indian corporate houses are now paying more attention to minimise their tax outgo while doing business internationally, says a global tax s...
- SAIL top official oppose control regime for steel
A top SAIL management has opposed a move to put the Steel Industry under the price control regime saying it would be a "retrograde" step fo...