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Steel Authority of India
support
Posted by :
vkk43Tracked by: 0 Boarder
This share should find its support around 138/-....
SAIL
Posted by : zoombusinessTracked by: 0 Boarder
Prime Minister Manmohan Singh will lay the foundation stone for the Rs 2,000-crore expansion projects of Salem Steel Plant (SSP) in Salem on Friday. The projects include the much-awaited 1.80 lakh-tonne capacity steel melting shop (SMS) and expansion of the cold rolling mill from 65,000 tonne to 1.46 lakh tonne, and installation of additional roll grinder at the hot rolling mill (HRM).
According to SAIL sources, the major raw materials for the steel melting shop - mild steel scrap, revert scrap, nickel and ferro alloys - will be sourced from outside. It will produce stainless steel slabs in 200, 300 and 400 series grades in thickness ranging from 140 mm to 200 mm, 600 mm to 1300 mm in width, and a maximum length of 10.5 metre. The average slab weight will be15 tonne.
The inbuilt annual capacity of 1.86 lakh tonne of the hot rolling mill would be enhnaced to 2.40 lakh tonne with internal improvements and to 3.70 lakh tonne with the installation of another roll grinder.
The input for HRM will be from SSP (1.8 lakh tonne) and Alloy Steel Plant of SAIL (1.90 lakh tonne).
SSP\'s cold rolling capacity is 65,000 tonne and has about 5,000 tonne of hot rolled annealed and pickled material. They will be expanded to 1.46 lakh tonne of cold rolled products and 1.93 lakh tonne of hot rolled annealed and pickled coils.
The additional facilities proposed to be installed in the CRM are: Hot annealing & pickling line (500,000 tonne), 20-hi Sendzimir mill (1,10,000 tonne), coil preparation line (50,000 tonne), skin pass mill (100,000 tonne), slitting line (70,000 tonne), rotary polisher (1,000 tonne), tension levelling line (70,000 tonne) and acid recovery system.
courtesy Y F I
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DIVIDEND
Posted by :
kukkooTracked by: 0 Boarder
Has anybody eeceived dividend from SAIL ?? Please inform if you have. thanks...
Why SAIL sustain above 140
Posted by : dijyyaTracked by: 1 Boarder
It is not understood why SAIL sustain above 140 for last 40 days while Tata Steel trading almost its year low for quite sometime now. Any possibility to SAIL touch its recent low of 115 or below ?...
SAIL’s capital expenditure
Posted by : latikavTracked by: 0 Boarder
Inflation, input cost may increase SAIL’s capital expenditure----------New Delhi: The inflationary trend and rise in input costs are likely to escalate capital expenditure of Steel Authority of India Ltd (SAIL )in achieving the ambitious 26.18 million tons of hot metal production target by 2011-12.
“Due to increase in facilities required to achieve the enhanced production, rise in input costs and general inflationary trend, the capital expenditure is likely to be higher than what was estimated earlier,” SAIL said in a filing to Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
In June 2006, the steel major had informed the bourses that it would invest about Rs35,000 crore under its corporate plan to augment steel production to 26.22 million tons (MT) from the present level of 14.6 MT.
However, currently, the indicative cost to be incurred by SAIL under its corporate has risen to Rs54,000 crore.
Industry experts said the rise in input costs besides spiralling inflation, which is ruling at 12.40%, may further inflate SAIL’s capital expenditure in achieving the desired capacity augmentation.
Based on the latest review of its corporate plan, the steel major has revised its hot metal production target to 26.18 MT from the previous level of 22.55 MT.
Its target for crude steel production has also been revised to 24.59 MT from 21.59 MT and saleable steel to 23.13 MT from 20.25 MT earlier.
The expansion of SAIL’s IISCO and Salem steel plants are already underway at a cumulative cost of Rs16,350 crore while that of Bhilai, Durgapur, Rourkela and Bokaro steel plants are at different stages of tendering.
The company has already finalised Rs20,000 crore worth orders for the proposed expansion projects.
livemint.........
support
Posted by : vkk43Tracked by: 0 Boarder
This share will find its next support level around 138/- only....
Steel Co meeting today
Posted by : jatthaksTracked by: 0 Boarder
Any update on same....
buy sail@152
Posted by : GuestTracked by: 0 Boarder
buy sail today good return in this week it will go upto 175 in this week...
BSE Announcements on SAIL
Posted by : MMB MessengerTracked by: 1 Boarder
Steel Authority of India Ltd (SAIL) has informed BSE that with reference to the earlier announcement dated June 14, 2006 about production in 2011-12 and capital expenditure estimates as envisaged in the revised Corporate Plan. As contained in the above announcement, periodical reviews of the Corporate Plan including production envisaged therein is carried out from time to time. Based on the latest review, production envisaged are as under:...
Only Sail
Posted by : 9975797577Tracked by: 0 Boarder
get this firey stock in ur portfolio for 3 times ur money in coming years cmp 156 looks too good for short term tgt of 188...
SAIL to hike hot metal production capacit
Posted by : latikavTracked by: 0 Boarder
SAIL to hike hot metal production capacity to 26.2 MT by 2011-------------MUMBAI: Steel Authority of India Ltd (SAIL) plans to enhance its hot metal production from the base level of 14.6 million tonnes to 26.2 million tonnes per annum by FY 11, the company said in its annual report. "Sail is poised to make its mark globally in the years to come with the implementation of state-of-the-art clean and green technologies as part of its modernisation and expansion plans to increase its hot metal capacity to over 26 million tonnes by FY 11 and 60 million tonnes by FY 20," SAIL's Chairman, S K Roongta, said in its annual report.
The growth plan, besides targeting higher production also addresses the need for eliminating technology obsolescence, achieving energy savings, enriching product-mix, reducing pollution, developing mines and collieries, introducing customer-centric processes and developing matching infrastructure facilities.
As per the study of the International Iron and Steel Institute, steel demand in India is projected to grow to a level of around 180 million tonnes by FY 20. The company has incurred a capital expenditure of Rs 2,181 crore during FY 08, which has been funded through internal accruals.
During FY 08, the company continued to give an impetus towards new business initiatives including formation of new joint ventures, mergers and acquisitions and entering into memorandum of understandings for its long term strategic objectives.
ET...
Macquarie puts 'Outperform' on SAIL
Posted by : HELOBADSHAHTracked by: 0 Boarder
Macquarie puts 'Outperform' on sail sail..
target 205......
BUY,ACCUMULATE SAIL.....
Posted by : HELOBADSHAHTracked by: 0 Boarder
sail accumulate...180 target if sensex touches 15500....great stock,good dividend......
SAIL in Sept series
Posted by : GuestTracked by: 0 Boarder
While my view is strong downside of 10-12% from here,pls let me know if there are any contrarian views. I have a short position at 156 sept futures....
Sail starts expansion of iron ore in Orissa
Posted by : zoombusinessTracked by: 0 Boarder
Country\'s largest steel maker Steel Authority of India (Sail) today launched the first major expansion scheme for enhancing its iron ore loading facilities at Bolani mines in Orissa at an investment of Rs 120 crore.
Director Personnel Sail Ganatantra Ojha laid the foundation stone of the loading capacity.
Sail has embarked upon the massive plan of its mines in tandem with Rs 54,000 crore mega expansion project to enhance the steel production over 24 million tonnes per annum (mtpa) by 2010-11.
The iron ore loading capacity of Bolani mines would go up to 10 mtpa from its present level of 4.1 mtpa, Ojha had said on Wednesday.
The project has been divided in two parts. The first part of the scheme covers main loading facilities which include installation of reclaimer, stacker, 15 number of conveyors and new stack yard.
In the second part, the project would cover railway track modification, overhead electrical work, signaling and telecommunication, Ojha said.
Bolani would be the biggest iron ore mine and biggest loading site of the country, he said and added the project would be completed within 18 months.
-BS...
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