SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Govt to raise around Rs 3500 crore via SAIL’s stake sale by March end

18 Feb 2013 Evaluate

In order to reach its divestment target of Rs 30,000 crore by the current financial year, the government is eyeing to raise around Rs 3,500 crore via state-owned Steel Authority of India (SAIL’s) stake sale by March end, the government is planning to offload 10.82% of its stake in SAIL. At the Current Market Price (CMP) of Rs 78 per share, which could fetch the exchequer a sum of around Rs 3,400 crore.

Further, the Department of Disinvestment (DoD) is planning road-shows for the proposed SAIL disinvestment in Singapore, Hong Kong, US, UK and continental Europe by the end of February, so that stake sale could take place by March end. So far this fiscal, the government has raised Rs 21,500 crore through PSU stake sales, against the Budget target of Rs 30,000 crore.

The company reported 22.37% fall in its net profit at Rs 701.62 crore for the quarter as compared to Rs 903.76 crore for the same quarter in the previous year. Total income from operation of the company has decreased marginally by 0.55% at Rs 10670.12 crore for quarter under review as compared to Rs 10728.79 crore for the quarter ended December 31, 2011.

SAIL Share Price

173.50 1.95 (1.14%)
17-Apr-2026 16:59 View Price Chart
Peers
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..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×