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Bhilai Steel Plant, the highest profit making unit of India's largest public sector steel producer, Steel Authority of India Ltd (SAIL), has ended its 2009-10 fiscal year with production of 5.370 million tonnes (MT) of hot metal, the company said on Saturday.

Steel Authority of India Ltd (SAIL) will form a joint venture company (JVC) with the Shipping Corporation of India (SCI) that will cater to the growing raw material import needs of the steel maker.

Steel Authority of India Ltd (SAIL), India's largest steel maker, will raise its production to 60 million tonnes (MT) by 2020 as part of its plans to become a "global player", the company chairman said Monday.

BOC India Ltd would raise Rs.780 crore (denominated in euros) in 2011 through external commercial borrowing to execute its projects of Steel Authority of India and Tata Steel Ltd, a top company official said in Kolkata on Monday.

The Cabinet Committee on Economic Affairs (CCEA) on Thursday approved a proposal of the Steel Authority of India Ltd (SAIL) to raise additional capital through sale of the government's stake in the company and issue of fresh equity in two tranches.

The Steel Authority of India Limited (SAIL) and South Korean steel major POSCO are having talks on forming a joint venture plant in Jharkhand or Maharashtra and a working group of the two companies is finalising the details, SAIL chairman S.K. Roongta said Monday.

In order to safeguard the domestic industry, the government has imposed provisional anti-dumping duty on the imports of wire rod of alloy or non-alloy steel from China. "The designated authority has recommended imposition of provisional anti-dumping duty on imports of the subject goods, originating in, or exported from subject country and imported into India, in order to remove injury to the domestic industry," Department of Revenue said in a notification no.51/2016-customs (ADD) issued on

Railway Minister Mamata Banerjee on Tuesday handed over orders for 1,250 wagons to two sick units that are now under the control of the Steel Authority of India Ltd (SAIL) as part of their financial restructuring.