Monday 11 May 2015

SAIL jumps on mega capex plans

According to media reports, the state-owned steel maker has planned an investment of Rs 1,50,000 crore till 2025 to ramp up steel production from 24 million tonnes to 50 million tonnes.

SAIL has surged 3.5 percent to Rs. 69.90 on the back of mega capacity expansion plans of the company
According to media reports, the state-owned steel maker has planned an investment of Rs 1,50,000 crore till 2025 to ramp up steel production from 24 million tonnes to 50 million tonnes.

The stock is now u over 2 percent at Rs. 68.95. The counter has seen trades of around 59,000 shares so far in early deals.

Meanwhile, the Sensex has surged 168 points to 27,273.

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