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Steel Authority of India
SAIL to enhance loading facilities
Posted by :
latikavTracked by: 0 Boarder
SAIL to enhance loading facilities at Bolani; invests Rs 120cr
----------NEW DELHI: Country's largest steel maker Steel Authority of India Ltd has undertaken the work for enhancement of loading facilities at Bolani iron ore mines in Orissa with an investment of Rs 120 crore.
With expansion of the project, the iron ore loading capacity of the mine would go up to 10 million tons per annum from the present level of 3.9 million tons, a spokesperson of SAIL's Raw Material Division (RMD) told PTI.
The enhancement of facilities is in tandem with the proposed increase in production capacity of the mine to 10 million tons, he added.
As part of the first phase of the scheme, RMD has begun installation of reclaimer, stacker, conveyors and stacking yard at Bolani. In the second phase it would take up railway track modification and work related to signalling and telecommunication.
State-run SAIL targets over 26 million tons of steel production by 2010-11, for which RMD aims at churning out over 30 million tons of iron ore.
To meet the enhanced iron ore requirement, RMD has taken up a slew of projects to develop the existing iron ore mines besides improving mining operations and infrastructure.
The long-term projects include expansion of Chiria iron ore mines in Jharkhand and Taldih in Orissa. While Chiria's capacity would go up to 50 million tons in phases, that of Taldih to 4.25 million tons along with an additional two- million ton pellet plant.
The steel major also envisages developing the south block of Kiriburu and central block of Meghataburu iron ore mines in Jharkhand.
ET.
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SAIL is Having Strong Potential
Posted by :
steelanalystTracked by: 0 Boarder
SAIL is having Strong Potential, for that only there is a huge buying interest. This will support at 140/- will move upto 160/-. Because its having cheapest iron ore in the world. 182/- will move once Govt will take some decision for steel price hike. ...
use rally to cut postition
Posted by :
marketbearTracked by: 0 Boarder
Use rally in SAIL to cut long position as stock will fall back below 140 level again ahead of expiry in future & options segment...
is this a right time to buy SAIL@140
Posted by : GuestTracked by: 0 Boarder
Now SAIL is having very strong position and since couple of days metal is doing bad, As pet the today trading now it will move up for next couple of days.As per my prediction 140 is the good rate to buy. ...
In reply to:
is this a right time to buy SAIL@140
Posted by : pb75
Dear All,
Please help me by advising whether is this a right time to buy SAIL@140 or shall i wait for few more days? 
is this a right time to buy SAIL@140
Posted by : pb75Tracked by: 0 Boarder
Dear All,
Please help me by advising whether is this a right time to buy SAIL@140 or shall i wait for few more days?...
sell sail
Posted by : marketbearTracked by: 0 Boarder
Traders who have gone short as per our recommendation may have got handsome profit of around 12150/ on the basis of todays low price. It is adviced not to keep position indifinately and cover position at regular intervals...
In reply to:
sell sail
Posted by : Guest
rightly said.. SAIL will come back to 130 level within a week from now,no matter how much more the market goes up.. this is because its P/E ratio is still v.high compared to the economic condition and also the steel prices coming down globally.. so sell off and book ur profits if any otherwise hold it with a 1 year view... enjoy trading!
dividend ?
Posted by : kukkooTracked by: 0 Boarder
Has anybody got dividend for sail yet??
please tell, thanks...
support at 140
Posted by : marketbearTracked by: 0 Boarder
SAIL has short term support at 140 level. Close below this level can drag down stock further. Stock is looking bullish right now but it must not close below 140...
on slippery wicket
Posted by : marketbearTracked by: 0 Boarder
for short term SAIL can fall upto 135 level today itself as market is getting ready for correction and will find support at lower levels...
In reply to:
on slippery wicket
Posted by : KARUNAS
Steel secter and specially SAIL - being PSU is getting beaten in the name of inflation control, and how far it go below its CMP is to be calculated yuet.
Nothing can stop demand for steel.
Posted by : shareviewsTracked by: 0 Boarder
Desptie interim set backs, stocks like SAIL cannot remain idle in the long run and it is always a good stock to hold for long term. Risk free and can achieve a target of Rs. 200 in one year. ...
dividend payout
Posted by : sguha007Tracked by: 0 Boarder
can anyone tell me when r we to receive the final 18% dividend on paid up capital??...
on slippery wicket
Posted by : KARUNASTracked by: 0 Boarder
Steel secter and specially SAIL - being PSU is getting beaten in the name of inflation control, and how far it go below its CMP is to be calculated yuet....
In reply to:
on slippery wicket
Posted by : marketbear
SAIL is on slippery wicket right now. Fall below 140 can take stock easily towards 124 level. Stock is very dangerous for traders as it moves wildly up and down.
on slippery wicket
Posted by : marketbearTracked by: 0 Boarder
SAIL is on slippery wicket right now. Fall below 140 can take stock easily towards 124 level. Stock is very dangerous for traders as it moves wildly up and down. ...
cover shorts
Posted by : marketbearTracked by: 0 Boarder
Traders who have gone short at around 152 as per advice can cover their short positon at current price between 142-144 to stay away from any risk of upside. ...
sail cheapest iron ore in the world
Posted by : steelExpTracked by: 0 Boarder
Yes perfectly right. thats the reason sail is doing well during negative teritory. within 3-4days SAIL will move 160. This is the best time to buy....
In reply to:
sail cheapest iron ore in the world
Posted by : Guest
sail stock is ready to fly
iron ore is the only commodity which is in demand today sail has the cheapest source of iron ore in the world buy sail its once in a lifetime opportunity to get this stock for so cheap
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