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SAIL surges as its special unit Salem steel plant signs MoU with Butterfly Group

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

28 Jul 2015 Evaluate

Steel Authority of India is currently trading at Rs 57.85, up by 1.30 points or 2.30% from its previous closing of Rs 56.55 on the BSE.

The scrip opened at Rs. 57.00 and has touched a high and low of Rs. 58.10 and Rs. 56.05 respectively. So far 310216 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 90.70 on 28-Nov-2014 and a 52 week low of Rs. 55.90 on 22-Jul-2015.

Last one week high and low of the scrip stood at Rs. 59.50 and Rs. 55.90 respectively. The current market cap of the company is Rs. 23564.65 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 21.41% and 3.59% respectively.

Steel Authority of India’s (SAIL) special unit Salem steel plant has signed an agreement with the Butterfly group for setting up of a strategic business unit for manufacture of stainless steel utensils, kitchenware and tableware within the plant premises.

As per the agreement, a compact a stainless steel kitchenware and tableware manufacturing unit will be set up within the Salem Steel Plant premises by LLM Appliances, the flagship unit of the Butterfly group, to produce 500 tonnes of quality stainless steel designer kitchenware products per annum.

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.

SAIL Share Price

171.60 -1.90 (-1.10%)

20-Apr-2026 11:22 View Price Chart

Peers

Company Name	CMP
Tata Steel	210.45
JSW Steel	1254.40
SAIL	171.60
Jindal Stainless	786.50
APL Apollo Tubes	2125.90
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SAIL surges as its special unit Salem steel plant signs MoU with Butterfly Group

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