SAIL spurts on getting nod from IRS to manufacture special shipbuilding grade plates

26 Jul 2019

Steel Authority of India is currently trading at Rs. 44.15, up by 1.05 points or 2.44% from its previous closing of Rs. 43.10 on the BSE.

The scrip opened at Rs. 43.20 and has touched a high and low of Rs. 44.50 and Rs. 42.85 respectively. So far 522734 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 82.00 on 06-Aug-2018 and a 52 week low of Rs. 42.80 on 25-Jul-2019.

Last one week high and low of the scrip stood at Rs. 46.40 and Rs. 42.80 respectively. The current market cap of the company is Rs. 18112.35 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 19.27% and 5.73% respectively.

Steel Authority of India (SAIL) has received approval from the Indian Register of Shipping (IRS) to manufacture special shipbuilding grade plates. The plates will be used for making diving support vessels (DSV) used by the India Navy.

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.

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