SAIL CAPEX
Bonus & dividends: SAIL, IGL among 10 stocks turning ex-record date this week. Do you own any?
Around 10 companies have set record dates for dividends and bonus issues between September 28 and October 1, making it a relatively quiet week for corporate actions. The market will remain closed on October 2 for Gandhi Jayanti, with BSE and NSE also shut on October 20 for Dussehra.
Steel companies' outlays could jump 44% on growth hopes
Public sector steel companies are set to significantly boost their capital spending. In FY27, expenditure is projected to jump by nearly 44% to Rs 25,125 crore. SAIL and NMDC will lead this surge with a 50% increase in their investments. This expansion reflects optimism for India's domestic steel sector.
SAIL looks to invest Rs 7,500 cr as capex in FY26, reports all-time high Q1 sales
SAIL plans a Rs 7,500 crore capex for FY25, a 25% increase, to boost capacity across its plants, aiming for 35 MnT by 2030. Expansion is underway at IISCO and Durgapur Steel Plants. The company reported a strong Q1 with increased profit and sales, while anticipating robust domestic demand despite global overcapacity and import pressures.
SAIL to invest Rs 6,500 Cr towards capex in FY25: CMD Amarendu Prakash
Steel Authority of India Ltd (SAIL) plans to invest ₹6,500 crore this fiscal year as part of its ₹1 lakh crore capex over the next few years, said CMD Amarendu Prakash. Speaking at an Indian Steel Association event, Prakash addressed concerns over Chinese steel dumping and urged government action to mitigate this issue.
SAIL's IISCO steel plant may infuse Rs 20,000-24,000 crore in Bengal
Speaking about IISCO's performance, Singh said the plant currently operates a 2.6 million-tonne crude steel plant and converts 85-90 per cent into finished products like TMT bars, wire rods, and heavy structurals. He expects the plant to achieve an ending revenue of Rs 11,500- Rs 12,000 crore for the current fiscal year due to higher production despite sluggish market prices.
Street cheers SAIL's capex plans, guidance
Shares rose more than 3% intraday before closing at ₹84.35 on the National Stock Exchange, up 2.7% from the previous close. Most analysts, though, have retained their 'hold' or 'neutral' rating for the shares as they believe that the current valuations factor in most positives for the company.
Steel PSUs' capex slashed by 11% to Rs 11,317 cr for FY19
Meanwhile, the country's top iron ore producer NMDC's capex has been slashed by a huge 27 per cent to Rs 3,778 crore for the next fiscal.
SAIL lines up Rs 4,000 crore capex for next fiscal
The company would fund the capital expenditure through debt.
Fitch downgrades SAIL to 'BB'
Fitch Ratings has downgraded Steel Authority of India Limited's (SAIL) Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BB' from 'BBB-'.
Vision 2025 plan: SAIL lines up capex of Rs 7,500 crore for FY16
Indian steel companies struggling to compete against imports have and received protection in form of a 20% safeguard duty on imports for 200 days.
SAIL commissions two major facilities in Bhilai plant
The setting up of the two facilities forms a part of the Rs 17,265 crore capex being deployed in the company's flagship plant.
PSU chiefs promise to meet capex plans, maintain dividend
Heads of several blue-chip state- owned firms today assured Chidambaram that they will try to meet their capital expenditure plans.
SAIL, RINL, NMDC to achieve Rs 15,820-cr capex target in FY2014
These three firms have set for themselves an ambitious Rs 14,925 crore capex target for the 2014-15 fiscal.
SAIL spends Rs 44,536 crore on capex in 7 years
SAIL has incurred capital expenditure of Rs 44,536 crore over the past seven years so as to raise the annual capacity to 20.23 million tonne.
Some major PSUs to miss capex targets in FY'13
All major coal, mining and steel state-owned firms, including SAIL and Coal India, are set to miss capex targets this fiscal.
Fitch affirms Steel Authority of India at 'BBB-', outlook negative
SAIL's ratings reflect a favourable outlook on its products given growth in the domestic infrastructure, auto and white goods sectors.
SAIL capex plan on track: CS Verma
SAIL chairman CS Verma talks about the status of its follow on public offer, how the company is gearing up to take on the multipronged challenges on marketshare.
Nomura upgrades SAIL to 'BUY'
Nomura Equity Research has upgraded its recommendation on SAIL to ‘BUY’ from its earlier view of reduce. It has set a revised price target of Rs 250 on the stock.
SAIL to raise Rs 6,500 cr from banks to fund FY 10 capex
State-run steel major SAIL said it plans to raise long-term debt of Rs 6,500 crore from various banks to fund its capex plans for the current fiscal.
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