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Sesa Goa: Steel cycle boon

Nov 30, 2004

The boom in the steel industry continued to drive the fortunes of industries and companies that cater to the demand for raw materials required by the steel industry. Iron ore is one such raw material, which forms a key input in the manufacturing of steel. This helped Sesa Goa, an Indian iron ore exporter, to continue to register splendid performance in the second quarter of the current fiscal also. After registering a 290% jump in bottomline on the back of a strong 88% growth in topline during 1

Sesa vs Sensex

Nov 28, 2003

The stock markets have rallied an incredible 62% in FY04 to date. And during this period, there are various sectors and stocks that have put the index gains to shame by gaining anything from 100% to 1,000%! Refineries, banking, aluminium, steel, pharma, etc. are just some of the sectors that have outperformed the benchmark indices by a huge margin. However, in this article, we take a look at Sesa Goa, which is an iron ore mining company. Iron ore is used in the production of steel and being in a

Government breathes life into Sail...

May 25, 2000

The Steel Authority of India Limited (SAIL). The name conjures up an image of size, dreams and inefficiency. The company is the tenth largest producer of steel globally, employing approximately 175,000 employees, and operating 4 integrated steel plants and 2 speciality steel plants. It represents the dream of making India self sufficient in terms of steel requirement. And finally, the company, which posted a net loss of Rs 15.7 bn in FY99, is consider

Government steel companies on brink of bankruptcy

Apr 3, 2000

First it was the Steel Authority of India Limited (SAIL). Now there are reports that Rashtriya Ispat Nigam Limited’s (RINL) Vishakapatnam Steel Plant is one the verge of closure. The committee looking into the matter has recommended that the government sell-off a majority stake in RINL to save the unit from closure.

Tata Steel may bid for Salem. Is it a logical move?

Mar 29, 2000

According to newspaper reports, Tata Steel is in talks with Usinor of France to jointly bid for Steel Authority of India's Salem Steel Plant (SSP).

The future is bright but...

Mar 25, 2000

The old economy stocks seem to have fallen out of favour. Or so it seems. Consider this. In India, the estimated spending on infrastructure is likely to be Rs 7.6 trillion over the next twenty years. This money will be spent on building roads, bridges, ports, houses and what not. Despite this the money flow in stock markets is distinctly towards the new economy stocks, which are considered to be the new growth engines of the economy. (No doubting that

SAIL may net Rs 50 bn from restructuring

Mar 6, 2000

The Steel Authority of India Limited (Sail) is likely to net Rs 50 bn by hiving-off various businesses as part of its restructuring plan. The company plans to utilise the funds to retire debt taken from the steel development fund.

Jindal Vijaynagar to securitises its way through trouble

Mar 6, 2000

According to newspaper reports, Jindal Vijaynagar Steel Limited (JVSL) is contemplating a move to securitise Rs 2 bn worth of receivables from sale of hot rolled coils (HRCs). The deal has been structured by ICICI.

Now Tisco wants loan waiver from government

Feb 24, 2000

Close on the heels of the government's decision to waive of Rs 50 bn worth of debt that was given the state owned Steel Authority of India (Sail), Tata Iron and Steel (Tisco) has demanded a similar waiver.

Tata Steel and Nippon Steel may extend relationship

Feb 15, 2000

According to newspaper reports, Nippon Steel Corporation has expressed its desire to extend its relationship with Tata Iron and Steel (Tisco) to areas including marketing and development. It currently has a knowledge tie up with Tisco for the latter's cold rolling mill (CR mill) venture.

Tata Steel may focus on exports

Feb 9, 2000

According to newspaper reports, Tata Iron and Steel Company (Tisco) is planning to focus on exports in the coming year. The move is aimed at capitalising on higher international prices.

Jindal Vijayanagar posts sharp decline in net

Feb 2, 2000

Jindal Vijayanagar Steel has posted a sharp increase in net losses for the quarter ended 31st December 1999. The company has suffered a sharp decline in operating margins. The surge in interest and depreciation expenditure have further led to a rise in net losses.

SAIL's export drive hits another roadblock

Jan 31, 2000

The Steel Authority of India Limited (SAIL) has once again become the focus of an anti dumping probe. This time the country in question is Canada. This has been reported by a leading national daily.

Bellary Steels posts net loss in 3QFY00

Jan 29, 2000

Bellary Steels has posted a net loss of Rs 16 m during the quarter ended 31st December 1999. The company suffered on account of a sharp rise in operating costs. The decline in depreciation expenditure and the slow growth in interest expenditure failed to stem the slide in profits.

Sesa Goa's net tumbles 72%

Jan 29, 2000

Sesa Goa has posted a net profit of Rs 43 m during the quarter ended 31st December 1999. The company has suffered an erosion in topline as well as operating margins. However, it has been successful in limiting the decline in profits by cutting down on interest and depreciation. The NPM has declined to 4.9% as compared to 14.8% in the corresponding period last year.

Crude steel output grew 3.4% in 1999

Jan 24, 2000

According to the International Iron and Steel Institute, domestic crude steel production grew 3.4% to touch 24.26 million tonnes in 1999.

SAIL to be worst hit by US anti dumping duties

Jan 21, 2000

According to newspaper reports, the United States International Trade Commission has imposed a 72% final countervailing duty and anti dumping duty on imports of certain types of steel plates from five countries including India. The Steel Authority of India (SAIL) is likely to be worst affected.

SAIL to be worst hit by US anti dumping duties

Jan 20, 2000

According to newspaper reports, the United States International Trade Commission has imposed a 72% final countervailing duty and anti dumping duty on imports of certain types of steel plates from five countries including India. The Steel Authority of India (SAIL) is likely to be worst affected.

'Other Income' boosts Tisco's 3QFY00 net

Jan 20, 2000

Tata Iron and Steel Limited (Tisco) has reported a sharp jump in net profits for the quarter ended 31st December 1999. The company has benefited from an improved product mix and an improvement in realisations.

Tisco steps up employee rationalisation plan

Dec 30, 1999

Tata Iron and Steel Company Limited (Tisco) has stated that it is looking at downsizing its employee base by 5,000 in FY2001. The company had earlier undertaken a massive exercise to improve employee productivity.


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