SAIL spurts as its Rourkela steel plant bags order of over 6,000 tonne of plates from European market

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

30 Jun 2020 Evaluate

Steel Authority of India is currently trading at Rs. 30.30, up by 0.70 points or 2.36% from its previous closing of Rs. 29.60 on the BSE.

The scrip opened at Rs. 29.80 and has touched a high and low of Rs. 31.45 and Rs. 29.80 respectively. So far 3837329 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 52.60 on 05-Jul-2019 and a 52 week low of Rs. 20.15 on 30-Mar-2020.

Last one week high and low of the scrip stood at Rs. 34.20 and Rs. 29.20 respectively. The current market cap of the company is Rs. 12742.67 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 17.55% and 7.45% respectively.

Steel Authority of India’s (SAIL) unit -- Rourkela Steel Plant has bagged an order of over 6,000 tonne of special grade plates for supplying to the European market. The facility will be exporting CE-marked plates conforming to the European standards. Plates produced by the mill are utilised in earth moving equipment, wagon building, railway projects, bridges and highways, nuclear power plants and many other sectors.

The fresh order has been bagged by the steel plant a few weeks after it completed exports of 60,000 tonne of special grade slab to China and 2,700 tonne of plates to Vietnam.

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

180.60 -4.20 (-2.27%)

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