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SAIL surges on registering sales growth of 7% in 2013-14

07 Apr 2014 Evaluate

Steel Authority of India is currently trading at Rs. 73.00, up by 1.65 points or 2.31 % from its previous closing of Rs. 71.35 on the BSE.

The scrip opened at Rs. 71.50 and has touched a high and low of Rs. 75.00 and Rs. 71.50 respectively. So far 3017 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 75.35 on 03-Apr-2014 and a 52 week low of Rs. 37.65 on 07-Aug-2013.

Last one week high and low of the scrip stood at Rs. 75.35 and Rs. 65.05 respectively. The current market cap of the company is Rs. 29471.30 crore.

The promoters holding in the company stood at 80.00 % while Institutions and Non-Institutions held 16.93 % and 3.06 % respectively.

Steel Authority of India (SAIL) has achieved 7% growth in sales volume with 12.1 million tonnes (MT) sales in FY’14, as compared to 11.3 MT sales in FY’13. The growth in domestic sales was supported by impressive growth in exports which registered a growth of 28% at 0.47 MT compared to 0.36 MT in FY’13.

The production of saleable steel stood at 12.9 MT in FY’14 was 4% higher than FY’13. Continued emphasis on value-added steel production resulted in growth of 6% with 5.3 MT special quality steel produced in FY’14 as against 5.02 MT in FY’13.

Besides, projects worth Rs 10,000 crore have been operationalised by the company in the financial year 2013-14, thus setting an all-time record for the company. This takes the total operationailsed projects under the ongoing Modernization & Expansion Plan (MEP) to around Rs 23,000 crore till date. Hot metal capacity of 2.5 million tonnes (MT)  has been added in 2013-14 and coke-making & sinter-making capacity of SAIL has also been enhanced during the year.

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

 

SAIL Share Price

175.05 2.55 (1.48%)
21-Apr-2026 16:59 View Price Chart
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