SAIL jumps on planning to set up jumbo medical facilities

04 May 2021 Evaluate

Steel Authority of India (SAIL) is currently trading at Rs. 129.70, up by 1.95 points or 1.53% from its previous closing of Rs. 127.75 on the BSE.

The scrip opened at Rs. 129.95 and has touched a high and low of Rs. 135.60 and Rs. 127.05 respectively. So far 7867452 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 135.60 on 04-May-2021 and a 52 week low of Rs. 26.55 on 20-May-2020.

Last one week high and low of the scrip stood at Rs. 135.60 and Rs. 99.60 respectively. The current market cap of the company is Rs. 53552.26 crore.

The promoters holding in the company stood at 65.00%, while Institutions and Non-Institutions held 21.02% and 13.99% respectively.

Steel Authority of India is planning to set up jumbo medical facilities of about 2500 beds with the support of gaseous oxygen (GOX)  for Covid treatment in addition to the facilities currently available at SAIL’s five integrated steel plants at Bhilai (Chattisgarh), Bokaro (Jharkhand), Rourkela (Odisha), Durgapur and Burnpur (West Bengal).

These jumbo facilities are being planned outside the existing hospital facilities and shall have oxygen support through a dedicated gas line drawn directly from the steel plants instead of extracting gaseous oxygen from liquid medical oxygen as is being done in the own hospitals of SAIL currently. At the suggestion of Government of India, SAIL shall use Gaseous Oxygen directly as an additional source of oxygen as the demand for liquid medical oxygen is high currently.

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

134.15 0.60 (0.45%)
28-Mar-2024 16:01 View Price Chart
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