For SAIL, sales realisation which stood at Rs 942 crore in December 2014 decreased by 13 per cent against Rs 1,081 crore recorded in the same month in 2013.
SAIL’s board had in December approved setting up of a SPV — Chhattisgarh Mega Steel Limited and the state-run steel maker and NMDC will ink an MoU for executing the project.
Of these 36 coal blocks, only one has been earmarked for steel companies.
Venture likely to produce 3 million tonnes of steel per annum.
Seeks land near Bandar Abbas port; captive access to raw material.
The company has also decided to set up a 0.768 MT top charged coke oven battery facility at the same location.
The government’s disinvestment programme kicked-off last week with the selling of its 5 per cent stake in the steel-maker SAIL.
It is also learnt that State Bank of India and General Insurance Corporation invested around Rs 150 crore and Rs 50 crore respectively.
Government needs to live up to its reformist claims, frame a strategic vision for PSUs
As many as 17 PSUs are without a chairman including the likes of Coal India Power Finance Corporation and NHPC.
SAIL described it as a “freak accident”, the first such event in 50 years.
The disinvestment in the steel PSU will be conducted through the offer-for-sale or auction route with sale of up to 20.65 crore equity shares.
The leakage of carbon monoxide at the plant affected 36 people.
Narendra Singh Tomar said that the government is planning a research centre for steel to benefit the industry.
100 workmen have died in a series of accidents at PSU steel makers SAIL and RINL in the two-year period until July 2014.