New Delhi: The state-owned Steel Authority of India Ltd (SAIL) signed up a contract with Korean steel manufacturer POSCO to set up a strategic alliance for aligning and collaborating with one another in a broad range of strategic business and profitable arenas.
Shares of India's top private steel maker, Tata Steel had recovered from an early 3.3% decrease and was down just 0.71% to Rs 647.90 at 15:01 IST after it signed up an agreement with Australian firm Riversdale to get hold of a 35% stake in its Mozambique coal project.
On Bombay Stock Exchange, 5.11 lakh shares of the scrip were traded on the counter today. In the last three months, the average daily volume of the scrip stood at 8.98 lakh shares.
After recording a growth of 18% in crude steel production in July 2007 over July 2006, JSW Steel was trading up 0.79% to Rs 699.30.
In the meantime, the BSE Sensex was up 221 points to 15,207 chasing recovery in Asian stocks. Asian stocks arose today after a second consecutive session of gains on Wall Street on Thursday, 2 August 2007.
Today, Tata Steel is hovering near 606, down Rs 35.2, or 5.49% in morning trades. 
New Delhi: The state-owned Steel Authority of India Ltd (SAIL) signed up a contract with Korean steel manufacturer POSCO to set up a strategic alliance for aligning and collaborating with one another in a broad range of strategic business and profitable arenas. 
Shares of India's top private steel maker, Tata Steel had recovered from an early 3.3% decrease and was down just 0.71% to Rs 647.90 at 15:01 IST after it signed up an agreement with Australian firm Riversdale to get hold of a 35% stake in its Mozambique coal project. 
After recording a growth of 18% in crude steel production in July 2007 over July 2006, JSW Steel was trading up 0.79% to Rs 699.30. 
of India Ltd (SAIL) has declared the result
Jindal Stainless climbed up 4.71% to Rs 162.25 on reporting 62.6% increase in net profit in Q1 June 2007. 
