Skip to main content

MoneyWorks4Me

Govt allows SAIL to offload up to 25% iron ore output in open market

18 Sep 2019 Evaluate

The mines ministry has allowed Steel Authority of India (SAIL) to offload up to 25 per cent of total iron ore produced in the previous year through open market. However, it will be subject to clearance from the respective state governments, where the mines are located, after following due procedure. It is valid for a period of 2 years.

SAIL is India’s largest steel producing company. The company is among the five Maharatnas of the country’s Central Public Sector Enterprises. The company has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.

Peers
Company Name CMP
JSW Steel 1251.20
Tata Steel 169.50
Steel Authority 161.20
Jindal Stainless 683.10
APL Apollo Tubes 2199.85
View more..