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SAIL rises on plan to sell stake in three steel plants to strategic buyers

30 Nov 2016 Evaluate

SAIL is currently trading at Rs. 51.45, up by 0.60 points or 1.18% from its previous closing of Rs. 50.85 on the BSE.

The scrip opened at Rs. 51.55 and has touched a high and low of Rs. 51.70 and Rs. 51.20 respectively. So far 1,34,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 54.80 on 08-Sep-2016 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. 52.00 and Rs. 47.90 respectively. The current market cap of the company is Rs. 21,249.22 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 20.42% and 4.58% respectively. 

Steel Authority of India (SAIL) will be selling stakes in the Bhadrawati, Salem and Durgapur steel plants through a two-stage auction process to strategic buyers. The Government of India, Ministry of Steel has communicated the ‘in principle’ approval of the Cabinet Committee on Economic Affairs (CCEA) for strategic disinvestment of the Bhadrawati, Salem and Durgapur (Alloy Steels Plant) Units of the company. The disinvestment of these units shall be to strategic buyer(s) to be identified through two stage auction process, as recommended by the Core Group of Secretaries on Disinvestment.

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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