News for Steel Authority of India Limited (SAIL.NS)

Indian equity markets suffered a brutal decline on Monday extending their losses for a third consecutive session, amid a global rout triggered by escalating trade tensions. The Nifty Midcap 100 plummeted 7.26% to 46,966.60—its lowest level in a month—as panic gripped investors across sectors following a steep sell-off in global equities.

India's steel imports could halve by FY26, as the government considers a 12% provisional safeguard duty on some steel products. This measure is anticipated to boost domestic manufacturers' profitability and capacity utilization, with imports expected to decline significantly and domestic demand growing steadily.

The Commerce Ministry’s investigation arm Directorate General of Trade Remedies (DGTR) has recommended imposition of a 12% provisional safeguard duty for 200 days on certain steel products with an aim to protect domestic players from surge in imports.

SAIL Q3 Results: SAIL's Q3 profit dropped 62% YoY to ₹126 crore due to lower steel prices, despite higher sales boosting revenue. EBITDA improved amid cheap imports and market challenges. The company expects infrastructure growth to support domestic steel demand.

Steel Authority of India Ltd (SAIL) reports 66.5% profit decline, plans to boost production and cut costs.

SAIL's shares surged 3.5% to Rs 103.65 on BSE post-Q3FY25 results showing a 66% YoY drop in net profit to Rs 142 crore. The revenue from operations increased 5% to Rs 24,490 crore. EBITDA improved slightly to Rs 2,389 crore, though PAT fell 84% versus Q2FY25.

PSU stocks such as Chennai Petroleum Corporation Ltd (CPCL), Mangalore Refinery and Petrochemicals Ltd (MRPL), Cochin Shipyard Ltd, MMTC Ltd, ITI Ltd and Oil India Ltd have led the losers, falling 47-59 per cent.

Indian benchmark indices underperformed in 2024, but certain sectors like Healthcare and Pharma outperformed, offering investment opportunities in 2025.

The CCEA approved an Rs 11,440 crore revival plan for RINL, including Rs 10,300 crore in fresh equity. RINL aims to achieve peak steel production capacity and liquidate outstanding dues of Rs 35,000 crore. Additionally, the Steel Ministry proposes merging KIOCL with NMDC and considers integrating RINL into SAIL in the future.

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As per industry estimates, Maha Kumbh is expected to boost both nominal and real GDP by over 1 per cent.

To mark the 90th year of its service to the nation, Reserve Bank of India, hosted RBI@90 All India Public Sector Badminton Tournament at Bengaluru from January ...

The collaboration focuses on nurturing intellectual capacity skills through specialised programs in futuristic and advanced domains, providing hands-on case studies and simulations focused on steelmaking processes and advanced training modules for workforce development.

This influence was not restricted to SAIL. In March 2021, she became chairperson of the Standing Conference of Public Enterprises (SCOPE) and thereafter consistently promoted the cause of India's public sector enterprises.

Sensex, Nifty: There is a high probability of

IIM Kozhikode and MTI-SAIL sign MoU for academic collaboration and human resource development, enhancing capacity-building and knowledge sharing.

From the Nifty pack, the market expert says Bharat Electronics Ltd (BEL), State Bank of India (SBI) and Britannia shares, saying these stocks can offer solid. In the small-cap segment, he likes Andhra Paper, Andhra Paper and Bliss GVS Pharma.

Release Date: May 27, 2024For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points JK Lakshmi Cement

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