Monday, 28 September 2015

SAIL to invest Rs. 2600 crore at Rourkela; stock down 1%

The company is investing over Rs 2,600 crore for installing a three million tonnes per annum facility for hot rolled (HR) coils at its Rourkela plant to make auto-grade and special steel products.


Steel Authority of India Ltd is currently trading at Rs. 52, down by 1% from its previous closing of Rs. 52.9 on the BSE.

The company is investing over Rs 2,600 crore for installing a three million tonnes per annum facility for hot rolled (HR) coils at its Rourkela plant to make auto-grade and special steel products.

The scrip opened at Rs. 51.55 and has touched a high and low of Rs. 53 and Rs. 51.55 respectively. So far 89402(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 21850.48 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 90.7 on  and a 52 week low of Rs. 46.2 on . Last one week high and low of the scrip stood at Rs. 53.4 and Rs. 49.1 respectively.

The promoters holding in the company stood at 75 % while Institutions and Non-Institutions held 21.41 % and 3.59 % respectively.

The stock is currently trading above its 200 DMA.

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