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SAIL gains on planning to raise $350 million from overseas market

12 Sep 2017 Evaluate

Steel Authority of India (SAIL) is currently trading at Rs. 63.55, up by 0.45 points or 0.71% from its previous closing of Rs. 63.10 on the BSE.

The scrip opened at Rs. 63.05 and has touched a high and low of Rs. 64.10 and Rs. 63.05 respectively. So far 156341 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 68.55 on 07-Apr-2017 and a 52 week low of Rs. 44.25 on 29-Sep-2016.

Last one week high and low of the scrip stood at Rs. 64.50 and Rs. 61.40 respectively. The current market cap of the company is Rs. 26290.79 crore.

The promoters holding in the company stood at 75.00%, while institutions and non-institutions held 20.46% and 4.54% respectively.

Country's largest steel maker SAIL is planning to raise $350 million from overseas market. Moreover, the borrowing would have a tenure of seven years. The money raised will be used by the steel maker to meet expenditure on capital schemes, including modernisation and expansion.

Meanwhile, the company has entered into a pact with State Bank of India (SBI) for arranging the amount via external commercial borrowings (ECB).

SAIL Share Price

173.50 1.95 (1.14%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
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