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SAIL trades in green on the BSE

Steel Authority of India (SAIL) is currently trading at Rs. 51.00, up by 0.70 points or 1.39% from its previous closing of Rs. 50.30 on the BSE.

The scrip opened at Rs. 51.50 and has touched a high and low of Rs. 51.50 and Rs. 49.75 respectively. So far 1265898 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 91.10 on 13-Jun-2018 and a 52 week low of Rs. 44.10 on 11-Feb-2019.

Last one week high and low of the scrip stood at Rs. 51.50 and Rs. 47.50 respectively. The current market cap of the company is Rs. 21003.72 crore.

The promoters holding in the company stood at 75.00 % while Institutions and Non-Institutions held 19.05 % and 5.95 % respectively.

Steel Authority of India (SAIL) has received a positive response from the Odisha government on its request of land allocation to set up a coast-based plant in the state. SAIL had written a letter to the Odisha government for land.

As part of its 50 MTPA expansion plan, SAIL is planning to set up a 3 million tonnes per annum (MTPA) shore-based plant at an estimated cost of over Rs 15,000 crore in Odisha.

SAIL is India’s largest steel producing company. The company is among the five Maharatnas of the country’s Central Public Sector Enterprises. The company has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.

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