SAIL

SAIL and Indian steel stocks surge as China announces plans to reduce output

Shares of Indian steel companies surged on Wednesday following China's announcement to restructure its steel industry and reduce total production. This move is anticipated to curb the dumping of cheap steel into the Indian market, providing a significant boost to domestic steelmakers. Steel Authority of India (SAIL) shares jumped 4.43% or Rs 4.77, closing at Rs 112.43 on the National Stock Exchange (NSE) during intra-day trading. Tata Steel, one of the largest players in the industry, saw its ...

January 9, 2025 4:09 PM

SAIL provides 45,000 tonnes of steel for key infrastructure at Mahakumbh Mela 2025

According to the Ministry of Steel, the Steel Authority of India Limited (SAIL), a Maharatna and the largest steel-making public sector company in the country, has provided approximately 45,000 tonnes of steel for the upcoming Mahakumbh Mela 2025, to be held in Prayagraj. The steel supply consists of chequered plates, hot strip mill plates, mild steel plates, angles, and joists. SAIL had previously contributed steel during the Mahakumbh Mela in 2013, further demonstrating the company’s long-s...