Steel Authority of India Ltd (SAIL.NS)
Latest Key Developments (Source: Significant Developments)
April 17 (Reuters) - ** India plans to sell 10 pct stake in Steel Authority
Steel Authority of India Ltd
Bharat Heavy Electricals Ltd
Steel Authority of India Ltd:Says consequent upon completion of his tenure and in pursuance to Ministry of Steel Order dated June 10, Shri C. S. Verma hasRelinquished charge of Chairman & Managing Director (CMD) of Steel Authority of India Limited (SAIL) w.e.f. June 10.Further, Ministry of Steel vide its Order dated June 10 has also conveyed that additional charge of post of CMD, SAIL has been entrusted to Shri Rakesh Singh for period of three months or till appointment of a regular incumbent to post or until further orders, whichever is earlier.Shri Rakesh Singh, Secretary, Ministry of Steel, Government of India has assumed the additional charge of the post of CMD, SAIL w.e.f. June 11. Full Article
NEW DELHI/MUMBAI India plans to sell stakes worth $5.4 billion in seven state-run companies during the current financial year as Asia's third-largest economy looks to fund its fiscal deficit amid ramped-up spending on rural areas and infrastructure.