The Latest Breaking News from Steel Authority of India

SAIL flies in Mongolian coking coal as it seeks new supplies, sources say

Steel Authority of India has airlifted a 1-metric-ton sample of coking coal from Mongolia for testing. This trial was initiated as part of India's effort to reduce reliance on Australian coal imports. Transporting coal from Mongolia poses significant logistical challenges, especially due to India's strained relations with China.

The Economic Times · Sep 30

SAIL, Krakatau Steel plan $350 million investment in stainless steel plant

India's Steel Authority of India and Indonesia's Krakatau Steel will invest $350 million. A new stainless steel slab plant in Indonesia will have 500,000 tons capacity. This plant is expected to become operational within three to four years. SAIL will consume the entire output for its Salem plant in India.…

The Economic Times · Jul 29

SAIL shares in focus after Q4 net profit jumps 47% to Rs 1,835 crore, revenue up 5%

Steel Authority of India (SAIL) reported a robust 47% year-on-year surge in March quarter net profit, reaching Rs 1,835 crore, driven by a 5% revenue increase to Rs 30,813 crore. Full-year standalone profit also climbed significantly. The company recommended a final dividend of Rs 2.35 per share.

The Economic Times · May 18