SAIL jumps on planning to invest Rs 4,000 crore in next three years in Jharkhand
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Steel Authority of India is currently trading at Rs. 122.10, up by 3.90 points or 3.30% from its previous closing of Rs. 118.20 on the BSE.
The scrip opened at Rs. 118.50 and has touched a high and low of Rs. 122.80 and Rs. 118.50 respectively. So far 1481781 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 151.10 on 10-May-2021 and a 52 week low of Rs. 32.65 on 15-Oct-2020.
Last one week high and low of the scrip stood at Rs. 122.90 and Rs. 112.55 respectively. The current market cap of the company is Rs. 50516.32 crore.
The promoters holding in the company stood at 65.00%, while Institutions and Non-Institutions held 20.57% and 14.36% respectively.
Steel Authority of India (SAIL) is planning to invest Rs 4,000 crore in the next three years in Jharkhand to augment the capacity of its Gua mines besides installing a 4 million tonne (MT) pallet plant. The intent for investment was made at the launch of the Jharkhand Industrial and Investment Promotion Policy (JIIPP) 2021 by Chief Minister Hemant Soren.
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.
