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

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

SummaryQuotesNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Steel Authority of India Limited : India Minister : Consortium Got Letter Of Intent To Mine In Afghanistan

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/21/2012 | 11:09am CET

A consortium of seven Indian companies has received a letter of intent from the Afghanistan government, bringing them a step closer to mining iron-ore deposits in the country's Hajigak province, Indian Steel Minister Beni Prasad Verma said Monday.

The group won the right to mine three iron-ore blocks in Afghanistan after an international bidding process last November.

The letter of intent is an initial agreement, which will be followed by a formal joint venture pact.

"We hope to sign a joint venture agreement [with the Afghan government] soon," added C.S. Verma, chairman of Steel Authority of India Ltd. (500103.BY), which leads the consortium.

The Indian group also includes state-run NMDC Ltd. 526371.BY) and Rashtriya Ispat Nigam Ltd., and private-sector firms JSW Steel Ltd. (500228.BY), Jindal Steel & Power Ltd. (532286.BY), JSW Ispat Steel Ltd. (500305.BY) and Monnet Ispat & Energy Ltd. (513446.BY).

Minister Verma added that SAIL is also in the final stages of discussions to build a steel plant in Afghanistan.

--By Biman Mukherji, Dow Jones Newswires; 91-11-4356-3358; prasenjit.bhattacharya@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on STEEL AUTHORITY OF INDIA L
01/18 NO 'DISTRESS SALE' OF SAIL UNITS : Steel secretary
01/16 STEEL AUTHORITY OF INDIA : DVC BLEEDS AS BENGAL SITS ON NLC'S Rs5,500-CRORE TAKE..
01/04 STEEL AUTHORITY OF INDIA : SAIL posts 16% growth in sales during April-December&..
01/04 STEEL AUTHORITY OF INDIA : SAIL posts 16% growth in sales during April-December ..
01/03 STEEL AUTHORITY OF INDIA : Coking coal price rise puts pressure on sails' ops
2016 STEEL AUTHORITY OF INDIA : 'there's every possibility of pacts with global leade..
2016 STEEL AUTHORITY OF INDIA : Melting shop ii of rsp creates another record
2016 Government to review status of 72 mines
2016 STEEL AUTHORITY OF INDIA : Sail in talks with japan's nippon steel, kobe for tie..
2016 STEEL AUTHORITY OF INDIA : L&t construction won contract from sail
More news
Sector news : Steel - NEC
01/19 TATA STEEL : UK financier makes new offer to take over Tata Steel pension scheme
01/19DJBHP Billiton, Vale, JV Reach Preliminary Agreement With Brazil Prosecutors Re..
01/17DJFortescue Metals Names Elizabeth Gaines as CFO
01/13 TATA STEEL : in talks to cut its UK pension scheme benefits - Trustees
01/09 B COM PORTUGUES : Millennium approves capital hike of up to 1.33 billion euros
More sector news : Steel - NEC
Advertisement
Financials ( INR)
Sales 2017 485 433 M
EBIT 2017 -9 588 M
Net income 2017 -17 031 M
Debt 2017 378 500 M
Yield 2017 1,69%
P/E ratio 2017 -
P/E ratio 2018 55,70
EV / Sales 2017 1,29x
EV / Sales 2018 1,10x
Capitalization 246 179 M
More Financials
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 20
Average target price 36,6  INR
Spread / Average Target -39%
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%3 611
VALE SA26.26%50 753
ARCELORMITTAL10.39%25 435
NIPPON STEEL & SUMITOM..3.50%22 267
NUCOR CORPORATION1.06%19 867
POSCO--.--%19 861
More Results