Steel Authority of India Ltd (SAIL.BO)
7 Mar 2014
|Market Cap (Mil.):||Rs253,407.70|
|Shares Outstanding (Mil.):||4,130.52|
Panaji, India, March 6 - A consortium led by Steel Authority of India Ltd, the country's second-biggest steelmaker, hopes to buy coal mines overseas in the next few months when it has completed due diligence on facilities in Indonesia, Mozambique and the United States.
NEW DELHI, Feb 14 - Steel Authority of India Ltd , India's second-biggest steelmaker, said its coal joint venture with four other Indian firms was in advance stages of due diligence on purchases of mines abroad, with no limit set on its investment.
NEW DELHI/KABUL - An Indian consortium has slashed a planned $10.8 billion iron ore investment in Afghanistan by 80 percent because it has been unable to get funding for the project.
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.