Steel Authority of India (SAIL) is currently trading at Rs. 82.70, up by 0.10 points or 0.12% from its previous closing of Rs. 82.60 on the BSE.
The scrip opened at Rs. 82.75 and has touched a high and low of Rs. 83.40 and Rs. 82.55 respectively. So far 53320 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. 42.35 on 28-Aug-2013.
Last one week high and low of the scrip stood at Rs. 88.25 and Rs. 80.25 respectively. The current market cap of the company is Rs. 34200.75 crore.
The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 16.65% and 3.34% respectively.
SAIL is planning to raise up to Rs 5,000 crore debt this fiscal by issuing secured non-convertible debentures or bonds in tranches to part-fund its capital expenditure.
Moreover, the state-owned steel maker is in the midst of expanding its crude steel production capacity to 21.40 million tonnes per annum (mtpa) from 12.84 mtpa earlier with Rs 72,000 crore investment. The investment also includes enhancing production from its captive mines.
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.
