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SAIL enters green on buzz to raise Rs 400 crore through issue of short-term commercial paper

26 Jun 2013 Evaluate

SAIL is currently trading at Rs. 50.00, up by 0.05 points or 0.10% from its previous closing of Rs. 49.95 on the BSE.

The scrip opened at Rs. 50.30 and has touched a high and low of Rs. 50.50 and Rs. 49.75 respectively. So far 107835 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. 49.70 on 25-Jun-2013.

Last one week high and low of the scrip stood at Rs. 58.00 and Rs. 49.70 respectively. The current market cap of the company is Rs. 20652.63 crore.

The promoters holding in the company stood at 80.0%, while Institutions and Non-Institutions held 16.67% and 3.32% respectively.

Steel Authority of India (SAIL) has been reported to have invited bids to raise at least Rs 400 crore through issue of short-term commercial paper on Tuesday. The state-run company was to issue commercial paper for 32 to 34 days or 85 to 89 days.

The company has said earlier that it is planning to spend Rs 3,800 crore in making projects eco-friendly. The projects, which would be taken up for implementation in its iron ore mines are expected to be completed by 2015. This follows comprehensive studies on Environmental Impact Assessment and Environmental Management Plan.

SAIL is India's largest steel producing company. With a turnover of Rs. 49,350 crore, the company is among the five Maharatnas of the country's Central Public Sector Enterprises. SAIL has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.

SAIL Share Price

172.90 -0.60 (-0.35%)
20-Apr-2026 15:34 View Price Chart
Peers
Company Name CMP
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SAIL 172.90
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