SAIL gains on supplying entire requirement of special steel for Indian Navy`s INS Arnala
Steel Authority Of India is currently trading at Rs 126.20, up by 1.20 points or 0.96% from its previous closing of Rs 125.00 on the BSE.
The scrip opened at Rs 124.55 and has touched a high and low of Rs 126.70 and Rs 124.55 respectively. So far 67697 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52-week high of Rs 159.35 on 21-Jun-2024 and a 52-week low of Rs 99.20 on 12-Feb-2025.
Last one week high and low of the scrip stood at Rs 129.90 and Rs 123.95 respectively. The current market cap of the company is Rs 52044.62 crore.
The promoters holding in the company stood at 65.00%, while Institutions and Non-Institutions held 18.96% and 16.05% respectively.
Steel Authority of India (SAIL) has supplied the entire requirement of special steel for India’s first indigenously designed and built Anti-Submarine Warfare Shallow Water Craft (ASW-SWC), ‘INS Arnala’, which was commissioned into the Indian Navy today, June 18, 2025. SAIL has also catered to the entire requirement of special steel for the other seven ASW-SWC corvettes being built by Garden Reach Shipbuilders and Engineers (GRSE).
Partnering India’s march towards defence indigenization, SAIL has supplied entire special steel for this project. This marks yet another impressive milestone in SAIL’s journey to support India’s ‘Atmanirbhar Bharat’ initiative and help the nation lessen its import dependency.
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.
