Steel Authority of India Ltd (SAIL.BO)
18 Dec 2013
|Market Cap (Mil.):||Rs289,756.31|
|Shares Outstanding (Mil.):||4,130.52|
Dec 16 - (The following statement was released by the rating agency)
NEW DELHI - Indian steelmakers are looking to bid for much of the 11.46 million tonnes of low-quality iron ore that Goa will auction, after court-ordered restrictions on mining have cut off supplies.
NEW DELHI - Steel Authority of India Ltd , the country's largest domestic steelmaker, is sticking to its target of importing 12 million tonnes of steel-making coal this fiscal year despite a weaker rupee inflating costs, its chairman told Reuters on Thursday.
* Seeking to buy coal mines abroad, delegation to visit Poland
MUMBAI - Mortgage lender LIC Housing plans to raise at least 2 billion rupees in debt, as Indian companies rush to take advantage of a bond rally following a surprise cut in an overnight interest rate on Monday.
MUMBAI, Oct 3 - Steel Authority of India Ltd invited bids on Thursday to raise 10 billion rupees ($160.2 million) through issue of short-term paper, two sources with direct knowledge of the matter said.
Reuters Market Eye - BNP Paribas downgrades JSW Steel Ltd to "reduce" from "hold", citing expensive valuations after recent outperformance due to a delay in the U.S. Federal Reserve's tapering of monetary stimulus in September.
BHUBANESWAR - National Aluminium Co Ltd plans to raise its alumina exports by 40 percent to 1.4 million tonnes this fiscal year, its production chief said, helping the country increase its dollar inflow amid a plunge in the rupee.
NEW DELHI - Indian steelmakers are making a big push to use locally mined low-grade iron ore fines that are usually exported, a move that could help the world's No. 4 steel producing nation boost near-stagnant domestic output and cut imports of the alloy.
* Says will proceed with larger steel mill project in Odisha