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SAIL gains on setting up 1 MW solar PV power generation unit at Rourkela Steel Plant

10 Dec 2015 Evaluate

Steel Authority of India (SAIL) is currently trading at Rs. 44.05, up by 0.40 points or 0.92% from its previous closing of Rs. 43.65 on the BSE.

The scrip opened at Rs. 43.50 and has touched a high and low of Rs. 44.70 and Rs. 43.50 respectively. So far 145465 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 84.25 on 29-Dec-2014 and a 52 week low of Rs. 43.35 on 09-Dec-2015.

Last one week high and low of the scrip stood at Rs. 49.95 and Rs. 43.35 respectively. The current market cap of the company is Rs. 18318.88 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 21.25% and 3.75% respectively.

Rourkela Steel Plant (RSP), a unit of SAIL, has set up 1 MW solar photovoltaic (PV) power generation unit inside the plant premises at a cost of Rs 6.68 crore. The system, which is in the final stage of commissioning, is expected to generate minimum 1.479 million units of solar energy per annum. It is also installing other facilities for production of green energy.

Two 5 KW rooftop solar PV power generation systems have already been installed and seven more such systems are in the pipeline. RSP is also in the process of setting up a 15 MW hydro power project on the downstream of Mandira Dam in collaboration with GEDCOL.

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

173.50 1.95 (1.14%)
17-Apr-2026 16:59 View Price Chart
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