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SAIL surges on recording 11% rise in production of saleable steel in May

04 Jun 2013 Evaluate

Steel Authority of India is currently trading at Rs 57.20, up by 0.60 points or 1.06% from its previous closing of Rs 56.60 on the BSE.

The scrip opened at Rs 56.80 and has touched a high and low of Rs 57.35 and Rs 56.80 respectively. So far 25572 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 101.60 on 07-Jan-2013 and a 52 week low of Rs 55.60 on 03-Jun-2013.

Last one week high and low of the scrip stood at Rs 61.45 and Rs 55.60 respectively. The current market cap of the company is Rs 23378.77 crore.

The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 16.67% and 3.32% respectively.

State-run Steel Authority of India (SAIL) has recorded best-ever production of saleable steel for May at 1.087 million tonnes (MT), up by 11% over the corresponding month previous year. The production of value added and special steel too surged around 8% during the month against the corresponding month of the last year.

Meanwhile, the production of crude steel at 1.152 MT for the month was also the highest as against the previous best of 1.135 MT logged in May. The production of the company is likely to further improve in the coming months as its ongoing Rs 61,870 crore expansion is getting progressively commissioned.

The company reported a decline of 71.68% in its net profit at Rs 446.53 crore in Q4FY13 as compared to net profit of Rs 1576.98 crore in the same quarter previous year. Total income from operation of the company decreased by 9.90% to Rs 12330.42 crore as compared to Rs 13685.29 crore in corresponding quarter last year.

SAIL Share Price

176.45 0.20 (0.11%)
23-Apr-2026 16:59 View Price Chart
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