Steel Authority of India (SAIL) is currently trading at Rs. 55.80, up by 0.70 points or 1.27% from its previous closing of Rs. 55.10 on the BSE.
The scrip opened at Rs. 55.00 and has touched a high and low of Rs. 55.95 and Rs. 54.50 respectively. So far 281307 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 101.60 on 07-Jan-2013 and a 52 week low of Rs. 37.65 on 07-Aug-2013.
Last one week high and low of the scrip stood at Rs. 56.50 and Rs. 49.20 respectively. The current market cap of the company is Rs. 22883.11 crore.
The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 16.54% and 3.45% respectively.
SAIL’s Burnpur-based IISCO Steel Plant’s (ISP) modernization & expansion work entailing an investment of Rs 16,000 crore would be completed by the end of this financial year pursuant to which the plant will produce 2.9 million tonnes of Hot Metal after completion. The major facilities include a New 7 metre tall Coke Oven Battery (COB); two Sinter Machines; a new Blast Furnace of 4060 m3 volume with Top Pressure Recovery Turbine; three 150 tonne Basic Oxygen Furnace Converters; two 6-strand Billet Casters and one 4-strand Beam Blank/ Bloom Caster; Universal Section Mill; Wire Rod & Bar Mill with necessary auxiliary and service facilities.
The new 7 meter tall coke oven battery has commenced trial operation and is providing coke support to sister steel plants. It has supplied more than 2.0 lakh tonnes of coke to them so far. The new COB with 74 ovens has an annual production capacity of 0.882 million tonnes. Cutting-edge technologies in the coke-making have been adopted in this new Battery, which complies with the global emission norms. The other key unit to start hot trials is sinter plant having production capacity of 3.8 MTPA. The sinter from this unit is also being dispatched to sister units.
Besides Coke Oven and Sinter plant, the Wire Rod Mill has commenced trial production. Having an annual production capacity of 0.5 MTPA, the Mill will produce cold headed steel for fasteners, critical wire rope applications and special quality electrodes. The product portfolio offers variable size ranging from 5.5 to 22.0 mm diameter in low, medium and high Carbon steel including high quality TMT grades.
Source:-berkeleygains
The scrip opened at Rs. 55.00 and has touched a high and low of Rs. 55.95 and Rs. 54.50 respectively. So far 281307 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 101.60 on 07-Jan-2013 and a 52 week low of Rs. 37.65 on 07-Aug-2013.
Last one week high and low of the scrip stood at Rs. 56.50 and Rs. 49.20 respectively. The current market cap of the company is Rs. 22883.11 crore.
The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 16.54% and 3.45% respectively.
SAIL’s Burnpur-based IISCO Steel Plant’s (ISP) modernization & expansion work entailing an investment of Rs 16,000 crore would be completed by the end of this financial year pursuant to which the plant will produce 2.9 million tonnes of Hot Metal after completion. The major facilities include a New 7 metre tall Coke Oven Battery (COB); two Sinter Machines; a new Blast Furnace of 4060 m3 volume with Top Pressure Recovery Turbine; three 150 tonne Basic Oxygen Furnace Converters; two 6-strand Billet Casters and one 4-strand Beam Blank/ Bloom Caster; Universal Section Mill; Wire Rod & Bar Mill with necessary auxiliary and service facilities.
The new 7 meter tall coke oven battery has commenced trial operation and is providing coke support to sister steel plants. It has supplied more than 2.0 lakh tonnes of coke to them so far. The new COB with 74 ovens has an annual production capacity of 0.882 million tonnes. Cutting-edge technologies in the coke-making have been adopted in this new Battery, which complies with the global emission norms. The other key unit to start hot trials is sinter plant having production capacity of 3.8 MTPA. The sinter from this unit is also being dispatched to sister units.
Besides Coke Oven and Sinter plant, the Wire Rod Mill has commenced trial production. Having an annual production capacity of 0.5 MTPA, the Mill will produce cold headed steel for fasteners, critical wire rope applications and special quality electrodes. The product portfolio offers variable size ranging from 5.5 to 22.0 mm diameter in low, medium and high Carbon steel including high quality TMT grades.
Source:-berkeleygains