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SAIL spurts on reporting total sales of 13.143 MT in FY17

06 Apr 2017 Evaluate

Steel Authority of India is currently trading at Rs. 66.35, up by 0.90 points or 1.38% from its previous closing of Rs. 65.45 on the BSE.

The scrip opened at Rs. 65.10 and has touched a high and low of Rs. 66.85 and Rs. 64.25 respectively. So far 714938 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 68.15 on 08-Feb-2017 and a 52 week low of Rs. 38.45 on 24-May-2016.

Last one week high and low of the scrip stood at Rs. 66.85 and Rs. 60.55 respectively. The current market cap of the company is Rs. 26807.11 crore.

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

Steel Authority of India (SAIL) recorded the best ever sales performance for any given year during FY 17 (Apr-Mar’17) with a growth of 8% over corresponding period last year (CPLY). The total sales stood at 13.143 Million Tonnes (MT) in FY17. The company also recorded the best ever total sales figure for the month of March 2017 which stood at 1.575 MT and recorded a growth of 21% over CPLY.

On the production front as well, the company recorded a growth of 12% in saleable steel production for FY17 over FY16. The techno-economic parameters showed improvement in FY17 of 3% in Coke rate and 6% in BF productivity over CPLY.

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

172.95 -0.55 (-0.32%)
20-Apr-2026 12:48 View Price Chart
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