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SAIL inches higher on inking pact with Japan’s Kobe Steel

Steel Authority Of India Ltd. | Steel & Iron Products | Metals & Mining | BSE: 500113 | NSE: SAIL

11 Jul 2012 Evaluate

Steel Authority of India (SAIL) is currently trading at Rs. 94.05, up by 0.40 points or 0.43% from its previous closing of Rs. 93.65 on the BSE.

The scrip opened at Rs. 93.75 and has touched a high and low of Rs. 94.50 and Rs. 93.50 respectively. So far 71424 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 135.00 on 26-Jul-2011 and a 52 week low of Rs. 73.00 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs 95.00 and Rs 92.20 respectively. The current market cap of the company is Rs 38682.37 crore.

The promoters holding in the company stood at 85.82% while Institutions and Non-Institutions held 11.21% and 2.96% respectively.

In a bid to set up a 500,000-tonne plant in West Bengal, state owned Steel Authority of India (SAIL) has entered into agreement with Japan's Kobe Steel. In this regard, the company will invest Rs 1,500 crore to produce a key steel making raw material.

The company, to produce nuggets, will use Kobe’s specialised technology (ITmK3) iron making technology mark three. The produced nuggets will be shared equally by the partners for captive use. ITmK3 technology has successfully replaced coal as an input material for iron making and is recognised for its low energy consumption and environment friendliness.

Kobe Steel is one of the well-known steel makers of Japan, which is the world’s second largest steel producing country. It is also one of the largest suppliers of alloy steels to Japanese automobile companies.

Earlier in March 2010, SAIL and Kobe Steel had signed a pact to conduct a joint feasibility study for exploring and commercialisation of ITmk3 technology developed by Kobe for production of iron nuggets used for steel production.

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
APL Apollo Tubes	2105.45
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SAIL inches higher on inking pact with Japan’s Kobe Steel

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