SAIL rises on the bourses

Steel Authority Of India Ltd. | Steel & Iron Products | Metals & Mining | BSE: 500113 | NSE: SAIL

19 Dec 2011 Evaluate

Steel Authority of India (SAIL) is currently trading at Rs 74.90, up by 0.25 points or 0.33% from its previous closing of Rs 74.65 on the BSE.

The scrip opened at Rs 74.00 and has touched a high and low of Rs 75.55 and Rs 73.00 respectively. So far 332310 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 197.05 on 21-Dec-2010 and a 52 week low of Rs 73.00 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs 84.40 and Rs 73.00 respectively. The current market cap of the company is Rs 30834.37 crore.

The promoters holding in the company stood at 85.82% while Institutions and Non-Institutions held 11.51% and 2.66% respectively.

SAIL is exploring Kobe Steel's technology to modernize Visvesvaraya Iron and Steel (VISL) plant located in Bhadravati, Karnataka. The company currently is in discussion with Japanese steel maker to float a joint venture to increase its steel output.

The Japanese steel major is doing techno-feasibility study of all plants, once it gets the report, it will help the company to devise a strategy for VISL plant modernization. VISL plant in Bhadravati is well suited for making alloy steel and specialty steel. Also it is located close to the port and is well suited for exports.

SAIL manufactures and sells a wide variety of steel products such as hot and cold rolled sheets and coils, galvanised sheets, electrical sheets, structurals, railway products, plates, bars and rods, stainless steel and other alloy steels. It also produces long and flat steel products, which is in demand in the domestic as well in international market.

SAIL Share Price

184.80 -2.55 (-1.36%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Tata Steel	214.45
JSW Steel	1277.70
SAIL	184.80
Jindal Stainless	755.10
APL Apollo Tubes	1948.80
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