New Delhi, April 9 (IANS) Ferrous players are likely to post strong fourth quarter (Q4) results as hot‑rolled coil and rebar prices rose sharply, driving realisations and offsetting higher coking coal costs, a report said on Thursday.The report from Emkay Global Financial Services said that “COAL is likely to report strong on-quarter EBITDA growth, among mining stocks, surging over 46 per cent or Rs 115 billion”. The growth is supported by higher e‑auction realisations and improved offta…
Latest Steel Authority of India Limited (SAIL) News & Updates
Raipur/Durg, April 7 (IANS) A massive fire broke out on Tuesday at Power Plant-2 (PBS-2) of the Bhilai Steel Plant (BSP) in Durg district, Chhattisgarh, following an explosion in the 25 MW turbine section. Thick black smoke engulfed the area as flames rose nearly 10 feet high, creating panic inside the plant.According to sources, five people sustained injuries in the mishap — two regular employees and three contract workers. One employee suffered a fracture in the leg, while the others received…