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SAIL rises on supplying special grade steel plates for Gaganyaan

03 Mar 2020 Evaluate

Steel Authority of India is currently trading at Rs. 35.60, up by 0.70 points or 2.01% from its previous closing of Rs. 34.90 on the BSE.

The scrip opened at Rs. 35.30 and has touched a high and low of Rs. 36.10 and Rs. 35.10 respectively. So far 842675 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 60.10 on 08-Apr-2019 and a 52 week low of Rs. 29.50 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 39.15 and Rs. 34.10 respectively. The current market cap of the company is Rs. 14745.98 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 18.32% and 6.68% respectively.

Steel Authority of India (SAIL) has supplied special grade steel plates produced at its Bhilai unit for the country's first human space mission programme – Gaganyaan. In addition, the company’s Rourkela Steel Plant has also supplied MDN 250 (maraging steel) grade special steel for the ambitious project.

The company has contributed to the Gaganyaan space mission and has successfully produced plates to be used in the satellite launch vehicle (SLV) that would launch the mission. A consignment of 40 tonne of MDN 250 grade slabs rolled into plates at BSP's plate mill was flagged off by Dasgupta in first week of February.

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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