SAIL moves up on logging 5% rise in crude steel production during FY24
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Steel Authority Of India is currently trading at Rs. 142.00, up by 1.30 points or 0.92% from its previous closing of Rs. 140.70 on the BSE.
The scrip opened at Rs. 140.60 and has touched a high and low of Rs. 142.40 and Rs. 139.65 respectively. So far 366439 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 150.00 on 07-Feb-2024 and a 52 week low of Rs. 80.50 on 26-May-2023.
Last one week high and low of the scrip stood at Rs. 142.40 and Rs. 131.10 respectively. The current market cap of the company is Rs. 58116.49 crore.
The promoters holding in the company stood at 65.00%, while Institutions and Non-Institutions held 19.80% and 15.20% respectively.
Steel Authority of India (SAIL) has posted 5 percent increase in its crude steel production to 19.2 million tonne (MT) for the financial year 2023-24 (FY24). The company’s hot metal output also rose 6 per cent to 20.5 MT for FY24. The company has recorded a 7 per cent rise in saleable steel output to 18.4 MT in FY24 as compared to FY23. The company achieved its highest-ever sales volume of 17.1 MT during FY24, up 5 per cent year-on-year.
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.
