Steel Authority Of India is currently trading at Rs. 58.90, up by 0.70 points or 1.20% from its previous closing of Rs. 58.20 on the BSE.
The scrip opened at Rs. 59.70 and has touched a high and low of Rs. 60.10 and Rs. 56.60 respectively. So far 2751907 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 80.35 on 05-Jan-2021 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. 69.80 and Rs. 56.35 respectively. The current market cap of the company is Rs. 24494.01 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 17.07% and 7.86% respectively.
Steel Authority of India (SAIL) with the help of the Centre is planning to set up India's first gas to ethanol plant at its ferro alloy plant in Chandrapur in Maharashtra. The plan is in line with the government's aim to reduce the country's dependence on import for crude oil besides addressing the issue of carbon emissions. It would cost around Rs 400 crore for SAIL to set up the plant, of which 20 per cent ‘viable gas funding’ or aid will be provided by the government under the National Policy on BioFuels 2018.
This would be the fourth such plant in the world in the steel sector, and overall the first in India. As of now the bio-ethanol fuel generation technology is being used at two plants in China and one at ArcelorMittal's plant in Belgium.
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.
| Company Name | CMP |
|---|---|
| Tata Steel | 212.05 |
| JSW Steel | 1239.90 |
| SAIL | 173.50 |
| Jindal Stainless | 787.90 |
| APL Apollo Tubes | 2105.45 |
| View more.. | |
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