Shares of steel companies such as SAIL, Tata Steel, Jindal Steel and JSW Steel rallied nearly up to 4 per cent in the intra-day deals on Wednesday after the government allowed state-run Steel Authority of India (SAIL) to sell 25 per cent of its iron ore produced from captive mines.
In a separate announcement, the government also allowed the company to dispose of the old stock of 70 million onnes (MT) of low grade iron fines and ores (including slime), lying dumped across different captive mines of SAIL.
In a separate announcement, the government also allowed the company to dispose of the old stock of 70 million onnes (MT) of low grade iron fines and ores (including slime), lying dumped across different captive mines of SAIL.
The ministry of steel has stated that more than 162 MT
