Steel Authority of India (SAIL) is currently trading at Rs. 61.20, up by 1.10 points or 1.83% from its previous closing of Rs. 60.10 on the BSE.
The scrip opened at Rs. 60.95 and has touched a high and low of Rs. 61.25 and Rs. 60.55 respectively. So far 1,70,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 68.15 on 08-Feb-2017 and a 52 week low of Rs. 34.20 on 29-Feb-2016.
Last one week high and low of the scrip stood at Rs. 62.80 and Rs. 59.65 respectively. The current market cap of the company is Rs. 25,214.00 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 20.77% and 4.23% respectively.
SAIL has received environment clearance (EC) for construction of a pit head coking coal washery in its Tasra Coal Block in Dhanbad, Jharkhand. An Expert Appraisal Committee (EAC) of the Union Environment Ministry had discussed the SAIL’s proposal at earlier meetings and had sought clarifications. The proposal was taken up again recently.
Among conditions specified, the EAC has said that the company should install a technology for washery that conforms to Zero Liquid Discharge and provide a thick green belt of 30-45 metre width around the washery to mitigate/check the dust pollution. The company should ensure that transportation of raw coal, cleaning of coal, middling and rejects to be done by rail with wagon loading through silo.
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.