Tag: Steel Authority of India Limited

Public Sector Undertakings: The vacant top slots

Lalit Shastri When Prime Minister Narendra Modi, who has tirelessly kept crisscrossing the globe to project India as an ideal investment destination, should become a catalyst for change  and an example  for the high-flyers who keep cribbing  about jet lag, we have a scenario where dozens of top slots in State owned enterprises or the Public

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Fitch Downgrades Steel Authority of India to ‘BB’, Outlook Negative

Newsroom24x7 Staff Singapore: Fitch Ratings has downgraded Steel Authority of India Limited’s (SAIL) Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB’ from ‘BBB-‘. The Outlook is Negative. The downgrade follows the deterioration in SAIL’s financial profile after a prolonged weakening in international steel prices. SAIL’s debt-funded capex programme has magnified the impact of weak prices.

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