Steel Authority of India is currently trading at Rs. 165.95, up by 1.25 points or 0.76% from its previous closing of Rs. 164.70 on the BSE.
The scrip opened at Rs. 165.40 and has touched a high and low of Rs. 168.70 and Rs. 165.05 respectively. So far 1517151 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 170.90 on 03-May-2024 and a 52 week low of Rs. 80.50 on 26-May-2023.
Last one week high and low of the scrip stood at Rs. 168.70 and Rs. 150.90 respectively. The current market cap of the company is Rs. 68401.50 crore.
The promoters holding in the company stood at 65.00%, while Institutions and Non-Institutions held 19.04% and 15.96% respectively.
Steel Authority of India’s (SAIL) unit — Bhilai Steel Plant (BSP) is planning to install solar power generation systems on the rooftops of various buildings in its plant premises and township in Bhilai.
Bhilai Steel Plant has recently signed a memorandum of understanding with the Chhattisgarh State Renewable Energy Development Agency (CREDA) for the solar power generation project within the unit’s premises. The proposed plan shall generate about 2 MW of electricity.
Besides, a project of rooftop solar energy systems installation on residences and offices in the township is also underway, which has the potential to generate about 3 MW of electricity.
Upon completion, the two projects shall lead to a reduction in as much as 2,900 tonnes of Carbon Dioxide emission every year, thereby helping in environment conservation.
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.