Steel Authority of India is currently trading at Rs 87.55, up by 0.20 points or 0.23% from its previous closing of Rs. 87.35 on the BSE.
The scrip opened at Rs 87.55 and has touched a high and low of Rs. 87.85 and Rs 86.20 respectively. So far 76198 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. 54.05 on 26-Feb-2014.
Last one week high and low of the scrip stood at Rs. 88.00 and Rs. 83.00 respectively. The current market cap of the company is Rs. 35770.35 crore.
The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 16.51% and 3.48% respectively.
Steel Authority of India (SAIL) is planning to increase its Rourkela Steel Plant's installed capacity of producing hot metal to 10 million tonnes per annum (MTPA) from the present level of around 4.5 MTPA. Besides, the company is also planning to expand the capacity of its mines.
Earlier, the company was in the process of finalising plan to increase the production capacity to 50 MTPA by 2025.
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.
