Pension fund pilferage: 4 Durgapur steel staffs arrested
An accounts department employee of SAIL's Durgapur Steel Plant was arrested today on charges of multi-crore pilferage of pension funds meant for the plant employees.
An accounts department employee of SAIL's Durgapur Steel Plant was arrested today on charges of multi-crore pilferage of pension funds meant for the plant employees.
The company’s revenue was adversely impacted by the flood of cheap Chinese imports which led to a decline in steel prices.
The Steel Authority of India Limited (SAIL) signed an MoU with the leading global resources company, BHP to support steelmaking decarbonisation.
SAIL Chairman Amarendu Prakash addressed the shareholders in the meeting, held through a virtual platform.
This will be the highest ever single investment of the central government in the steel sector surpassing the previous modernization of ISP of about Rs 18,032 crore.
The competition was organized in both Hindi and English language on the theme: ‘पिछले पांच दशकों में सेल का राष्ट्र निर्माण में योगदान’|‘SAIL’s contribution in Nation building in the last five decades’.
Steel Authority of India Limited (SAIL) has achieved the distinction of becoming the first Maharatna Public Sector Unit to have implemented the Anti-Bribery Management System (ABMS).
The central government has received about Rs 1203 crore in dividends in five tranches from five public sector companies. It included Rs 604 crore, Rs 450 crore, Rs 37, Rs 81 crore, and Rs 31 crore from SAIL, HUDCO, IREL, IRCTC, and Bhartiya Rail Bijlee Co Ltd respectively as dividend tranches.
Despite increasing its production during quarter three of 2021-22, the net profit of the company has come down from Rs 4303 crore
SAIL has supplied 48,200 Tonnes of steel for the Purvanchal Expressway which was recently inaugurated by Prime Minister Narendra Modi.
