Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Steel Authority of India Limited    SAIL   INE114A01011

No quotes available
-- INR   0.00%
09/22 STEEL AUTHORITY : Pahuja appointed stainless steel association presi..
09/21 STEEL AUTHORITY : SAIL poised to take the big leap with its cutting ..
09/20 STEEL AUTHORITY : SAIL employees sweep Vishwakarma Rashtriya Puraska..
SummaryQuotesNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Steel Authority of India Limited : Afghanistan beckons India's business leaders to invest

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/10/2012 | 01:08pm CEST

Afghanistan is "ripe and ready" for Indian investments in mining and other sectors, President Hamid Karzai told business leaders in Mumbai on Saturday at the start of a trip to woo investors for his war-ravaged country.

"We'd like to welcome you with a red carpet, but you need to arrive at the red carpet," he told delegates at an Indian industry event in the financial capital.

"What I'd like to emphasize in particular is that Indian businesses need not be shy when thinking about Afghanistan. The Chinese businesses were there long before you came, five or six years before."

India has invested billions of dollars in Afghanistan since the Taliban regime's ouster in 2001 and has urged private firms to invest there, though many have misgivings about the security climate after 2014, when most foreign troops will leave. China is also looking to tap into Afghanistan's mineral reserves.

A consortium led by state-firm Steel Authority of India last year won the rights to develop a huge iron ore deposit in central Afghanistan and a nearby 6 million metric ton steel plant at a cost of around $11 billion.

China won a huge copper concession not far from Kabul, as well as oil blocks in the north.

However, both Asian giants have been held back in Afghanistan by security concerns as well as poor infrastructure in the landlocked, mountainous country.

India also has to tread carefully in Afghanistan because of the suspicions of arch-rival Pakistan, which sees New Delhi's expanding role in its neighbor as a move to encircle it.

Indian Commerce and Industry Minister Anand Sharma told the meeting with Karzai that New Delhi would look at engaging with Kabul to develop infrastructure such as highways, power projects, Chahbahar port and energy security.

(Reporting by Swati Pandey; Editing by Ron Popeski)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on STEEL AUTHORITY OF INDIA L
09/22 STEEL AUTHORITY OF INDIA : Pahuja appointed stainless steel association presiden..
09/22 STEEL AUTHORITY OF INDIA : $1 billion sail, arcelormittal jv
09/21 STEEL AUTHORITY OF INDIA : SAIL poised to take the big leap with its cutting edg..
09/20 STEEL AUTHORITY OF INDIA : SAIL employees sweep Vishwakarma Rashtriya Puraskar f..
09/18 STEEL AUTHORITY OF INDIA : SAIL employees sweep Vishwakarma Rashtriya Puraskar f..
09/14 STEEL AUTHORITY OF INDIA : We are eyeing a larger share of export pie, says sail..
09/09 STEEL AUTHORITY OF INDIA : SAIL tanks 5.6% after Q1 FY17 net loss
09/09 STEEL AUTHORITY OF INDIA : SAIL Q1 net loss at Rs.Rs 536 crore
09/09 STEEL AUTHORITY OF INDIA : SAIL LOSSES RISE TO Rs536 CRORE IN FIRST QUARTER
09/03 TATA STEEL : Mjunction to conduct spectrum auctions
More news
Sector news : Steel - NEC
09/29DJVale, Mitsui Agree on New Terms for Sale of Some Mozambique Assets
09/27DJSamarco Mineraç ã o Bonds Plummet After Missed Interest Payment
09/23 ANGLO AMERICAN : names new finance director
09/23DJAnglo American Appoints Fortescue's Stephen Pearce as CFO
09/23DJAnglo American Appoints Fortescue's Stephen Pearce as CFO
More sector news : Steel - NEC
Advertisement
Financials ( INR)
Sales 2017 478 339 M
EBIT 2017 -4 260 M
Net income 2017 -17 297 M
Debt 2017 383 065 M
Yield 2017 2,70%
P/E ratio 2017 -
P/E ratio 2018 71,05
EV / Sales 2017 1,19x
EV / Sales 2018 1,04x
Capitalization 186 700 M
More Financials
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 22
Average target price 34,7  INR
Spread / Average Target -23%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
P. K. Singh Chairman & Managing Director
Anil Kumar Chaudhary Executive Director & Finance Director
Sashi Sekhar Mohanty Executive Director & Technical Director
S. K. Gupta Director-Medical & Health Services
Binod Kumar Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
STEEL AUTHORITY OF IND..0.00%2 803
VALE SA48.78%27 801
NIPPON STEEL & SUMITOM..-14.88%19 923
ARCELORMITTAL79.60%19 080
POSCO--.--%18 248
NUCOR CORPORATION21.24%15 555
More Results