Steel Authority of India Ltd (SAIL.NS)
Latest Key Developments (Source: Significant Developments)
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
Steel Authority of India Ltd:Recommends a final dividend at 0.25 Indian rupees per share for the financial year 2014-15, thus taking the total dividend to 2.00 Indian rupees per share of face value of 10 Indian rupees per share. Full Article
NEW DELHI Steel Authority of India Ltd is in talks with Japan's Nippon Steel & Sumitomo Metal Corp and Kobe Steel Ltd for potential technical agreements to help the firm expand its global footprint, SAIL's chairman told Reuters.