C S Verma

Steel Ministry to appoint consultant for boosting SAIL's performance

SAILNew Delhi: Worried over declining profit in SAIL, the Steel Ministry has decided to appoint a globally-renowned consultancy agency to carry out a "diagnostic study" for enhancing the maharatna's performance.

The ministry will float a tender soon inviting expression of interest (EoI) from international firms to also look at ways operations of the country's largest steel maker can be improved and future expansion can be executed in time and without cost overruns.

SAIL chairman hopeful about ICVL buying coal assets abroad

SAIL chairman hopeful about ICVL buying coal assets abroadKolkata, June 8 : International Coal Ventures Ltd(ICVL), a consortium of leading steel and mining PSUs, has shortlisted four to five coking coal assets abroad for acquisition and could strike deals soon.

"At least four to five good assets have been shortlisted. Countries are Australia, US and Mozambique," SAIL chairman C S Verma, who also heads ICVL, said here Saturday.

SAIL shareholders approve buy-back plan

SAIL shareholders approve buy-back planThe shareholders of State-owned Steel Authority of India Ltd (SAIL) have approved a company's plans to buy-back its own shares.

SAIL Chairman C S Verma did not announce a time frame for the buy-back while he was speaking to the media after the company's annual general meeting. He said that the company has only received the enabling approval and buy-plan will dependent on other factors including market conditions.

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