Steel Authority of India (SAIL) is currently trading at Rs. 83.35, up by 1.20 points or 1.46 % from its previous closing of Rs. 82.15 on the BSE.
The scrip opened at Rs. 82.00 and has touched a high and low of Rs. 84.30 and Rs. 81.20 respectively. So far 487310 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 112.90 on 09-Jun-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. 95.85 and Rs. 81.10 respectively. The current market cap of the company is Rs. 34427.93 crore.
The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 16.65% and 3.34% respectively.
Metal and mining public sector undertakings (PSUs), Steel Authority of India (SAIL), NMDC and Rashtriya Ispat Nigam (RINL) are planning to invest Rs 15,069 crore this fiscal towards modernization and expansion, Rs 700 crore less than the actual outlay for the last financial year. Of total, SAIL will spend Rs 9,000 crore in current fiscal, followed by iron ore miner NMDC Rs 4,345 crore and RINL Rs 1,724.17 crore.
The three firms, under the Steel Ministry, had spent Rs 15,769 crore towards modernisation and expansions in 2013-14.
In 2014-15, SAIL is planning to spend Rs 3,300 crore on its Bhilai Steel Plant, as part of its ongoing Rs 72,000 crore modernisation and expansion programme to take its capacity to 24 million tonnes per annum (mtpa) from 14 mtpa now. The company also plans to invest Rs 2,234 crore in its Rourkela Steel Plant, Rs 1,280 crore in IISCO plant, Rs 800 crore in Durgapur plant and Rs 860 crore in the Bokaro plant among others.
Meanwhile, close to achieving the 24 mtpa capacity, SAIL has recently unveiled plans to take it to 50 mtpa by 2025 entailing another Rs 1.5 lakh crore investment.
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.
| Company Name | CMP |
|---|---|
| Tata Steel | 212.05 |
| JSW Steel | 1239.90 |
| SAIL | 173.50 |
| Jindal Stainless | 787.90 |
| APL Apollo Tubes | 2105.45 |
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