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SAIL surges on the buzz of starting commercial production of world’s longest single rail

24 Jan 2017 Evaluate

Steel Authority of India (SAIL) is currently trading at Rs. 61.70, up by 0.45 points or 0.73% from its previous closing of Rs. 61.25 on the BSE.

The scrip opened at Rs. 61.65 and has touched a high and low of Rs. 62.15 and Rs. 61.05 respectively. So far 342316 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 62.15 on 24-Jan-2017 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. 62.15 and Rs. 57.60 respectively. The current market cap of the company is Rs. 25505.99 crore.

The promoters holding in the company stood at 75.00%, while institutions and non-institutions held 20.77% and 4.23% respectively.

SAIL has reportedly started commercial production of the world’s longest single rail from the newly inaugurated Universal Rail Mill (URM) at its Bhillai steel plant. Every single rail will extend to 130 metres.

The company has established the URM with an investment of Rs 1,200 crore, taking the total capacity of the Bhillai steel plant to produce rails to 2 million tonnes per annum. This will be the largest rail production capacity in any single location for a plant in the world. The URM complex is a part of the plant’s modernisation and expansion programme.

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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