Steel Authority of India is currently trading at Rs 48.85, up by 2.35 points or 5.05% from its previous closing of Rs 46.50 on the BSE.
The scrip opened at Rs. 47.25 and has touched a high and low of Rs. 49.15 and Rs. 47.15 respectively. So far 350378 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. 46.20 on 02-Sep-2015.
Last one week high and low of the scrip stood at Rs. 52.80 and Rs. 46.20 respectively. The current market cap of the company is Rs. 20156.96 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 (SAIL) is planning to invest Rs 7,500 crore on modernisation and expansion programme in the current fiscal ending March 2016. The 'Maharatna' company will seek shareholders nod to raise Rs 5,000 crore through securities to part finance its plans.
So far, the public sector undertaking (PSU) has invested over Rs 58,000 crore in its Rs 70,000 crore modernisation and expansion plan, which will augment the crude steel production capacity at its five steel plants to 23 million tonnes per annum (MTPA).
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 |
| View more.. | |
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