SAIL and NMDC sign MoU for Limestone project in Himachal Pradesh

Indian mining major NMDC and Steel Authority of India Ltd. (SAIL) today signed a Memorandum of Understanding (MoU) to develop a limestone project at Arki in Himachal Pradesh. The proposed Rs. 260 crore joint venture will have 50:50 equity participation of the two companies. Talking to newsmen after signing of the MoU, Chairman of NMDC [...]

SAIL earns Rs. 1663 crore net profit in Q2

The unaudited financial results of Steel Authority of India Limited (SAIL) for July-September (Q2) of FY ’10, taken on record by the company’s Board of Directors here today, showed profit after tax (PAT) at Rs. 1,663 crore, an improvement of 25% in performance over the previous quarter, lower by 17.3% over the corresponding period last [...]

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