Tata Steel has reported its net consolidated profit increased three-old, amounting to Rs 5,346.55 crore. The said profit is for the first quarter ending on June 30.
According to the company offi…
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Steel Sector
The high raw material costs have been cited as major reason behind the 29% drop in the net profit of Steel Authority of India Ltd. (SAIL) making it to Rs. 838 crore in the first quarter of the f…
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According to a recent report, it has been revealed that there have been speculations made on SAIL, Steel Authority of India. This is because there has been delay in order they had been given about the expansion of their capacities.
They have received c…
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SAIL has called off its road shows for its upcoming follow-on public offer (FPO) planned for June. Its board met on Monday and raised their concerns on the fate of the Rs. 40bn issue of the public sector steel giant.
Analysts are expecting that volatile market conditions and differences between government and merchant bankers over pricing cab be few reasons for the delay in road shows.
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