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SAIL surges on aiming to increase top-line by 20% in FY17

22 Sep 2016 Evaluate

Steel Authority of India (SAIL) is currently trading at Rs. 48.60, up by 0.80 points or 1.67% from its previous closing of Rs. 47.80 on the BSE.

The scrip opened at Rs. 48.25 and has touched a high and low of Rs. 49.00 and Rs. 48.25 respectively. So far 195074 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 58.20 on 12-Oct-2015 and a 52 week low of Rs. 33.50 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 49.00 and Rs. 46.50 respectively. The current market cap of the company is Rs. 20074.35 crore.

The promoters holding in the company stood at 75.00%, while institutions and non-institutions held 20.72% and 4.28% respectively.

SAIL is aiming to increase its top-line by 20% to 14.52 million tonnes (MT) this fiscal from 12.1 MT a year-ago. The company is also targeting to increase production by 20% to 17.16 MT in FY17 from 14.3 MT in FY16.

Ramp-up of production from the new units is not only increasing production quantum and leading to better quality of products, but has also helped SAIL in reducing cost of production.

Higher production from the new units and rationalising production from cost intensive routes has resulted in reduction in variable cost of production by 10 per cent in January-March of 2015-16 compared to the first quarter of 2015-16 and the same trend continues.

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

172.55 -0.95 (-0.55%)
20-Apr-2026 10:14 View Price Chart
Peers
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