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SAIL shines on supplying 4000 tonnes of special steel for seventh frigate ship of Indian Navy
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Steel Authority of India is currently trading at Rs. 94.39, up by 3.73 points or 4.11% from its previous closing of Rs. 90.66 on the BSE.
The scrip opened at Rs. 91.06 and has touched a high and low of Rs. 94.58 and Rs. 90.90 respectively. So far 1140562 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 96.14 on 01-Aug-2023 and a 52 week low of Rs. 73.25 on 28-Sep-2022.
Last one week high and low of the scrip stood at Rs. 96.14 and Rs. 85.70 respectively. The current market cap of the company is Rs. 39062.38 crore.
The promoters holding in the company stood at 65.00%, while Institutions and Non-Institutions held 17.45% and 17.55% respectively.
Steel Authority of India (SAIL) has supplied 4,000 tonnes of steel plates for the construction of the seventh frigate ship as part of the P17A project of the Indian Navy. The P17A Project comprises the construction of seven ships, of which six have been launched between September 2019 and August 2023.
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.
