SAIL is currently trading at Rs. 82.15, up by 0.90 points or 1.11% from its previous closing of Rs. 81.25 on the BSE.
The scrip opened at Rs. 82.00 and has touched a high and low of Rs. 82.50 and Rs. 81.60 respectively. So far 105059 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 115.90 on 17-Feb-2012 and a 52 week low of Rs. 73.00 on 19-Dec-2011.
Last one week high and low of the scrip stood at Rs. 81.65 and Rs. 78.90 respectively. The current market cap of the company is Rs. 33994.22 crore.
The promoters holding in the company stood at 85.82% while Institutions and Non-Institutions held 11.07% and 3.10% respectively.
State-owned steelmaker, SAIL, expects to expand its production capacity to 18 Million Tonnes (MT) from existing 14 MT by the end of current financial year. Company from its Phase I capacity expansion target of 24MT, would be starting new blast furnaces. The company, which is in the midst of modernisation and capacity expansion so far, has spent about Rs 39,000 crore on capacity expansion, out of a targeted investment of Rs 72,000 crore.
Further, SAIL’s two new blast furnaces at its Rourkela and Burnpur plants will become operational in next few months. Besides, the company would also be commissioning a new cold rolling mill at Bokaro plant by the fiscal end.
Moreover, the steelmaker, which is aiming to increase its market share up to 30 percent by 2020, will be expanding its capacity to 45 MT by then.
| 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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