SAIL surges on supplying first consignment of LHB wheels to Indian Railways

27 Mar 2019 Evaluate

Steel Authority Of India (SAIL) is currently trading at Rs. 51.70, up by 1.00 points or 1.97% from its previous closing of Rs. 50.70 on the BSE.

The scrip opened at Rs. 51.00 and has touched a high and low of Rs. 51.80 and Rs. 50.90 respectively. So far 338937 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 91.10 on 13-Jun-2018 and a 52 week low of Rs. 44.10 on 11-Feb-2019.

Last one week high and low of the scrip stood at Rs. 53.90 and Rs. 49.75 respectively. The current market cap of the company is Rs. 21272.21 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 19.93% and 5.08% respectively.

Steel Authority of India (SAIL) has shipped the first consignment of Linke Hofmann Busch (LHB) wheels to Indian Railways. The Durgapur Steel Plant (DSP) of SAIL has supplied the first consignment of LHB wheels to the national transporter. These LHB wheels are developed with the help of the Research Design and Standard Organisation (RDSO), under the railways, and wheel and axle plant of DSP.

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.

SAIL Share Price

119.00 -2.15 (-1.77%)
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