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India

Steel Authority of India Ltd (SAIL.BO)

SAIL.BO on Bombay Stock Exchange

34.55INR
4 Aug 2020
Change (% chg)

Rs0.20 (+0.58%)
Prev Close
Rs34.35
Open
Rs34.40
Day's High
Rs35.00
Day's Low
Rs34.30
Volume
1,014,241
Avg. Vol
2,211,351
52-wk High
Rs51.85
52-wk Low
Rs20.15

Latest Key Developments (Source: Significant Developments)

Steel Authority Of India Reports March-Qtr Exceptional Items Write Down Of 7.72 Bln Rupees
Friday, 10 Jul 2020 

July 10 (Reuters) - Steel Authority of India Ltd ::EXCEPTIONAL ITEMS FOR MARCH-QUARTER INCLUDE WRITE DOWN OF 4.04 BILLION RUPEES RELATING TO INVENTORY OF FINISHED/SEMI FINISHED GOODS.EXCEPTIONAL ITEMS FOR MARCH-QUARTER INCLUDE WRITE DOWN OF 378.3 MILLION RUPEES RELATING TO INVENTORY OF RAW MATERIAL.EXCEPTIONAL ITEMS FOR MARCH-QUARTER INCLUDE WRITE DOWN OF 3.30 BILLION RUPEES RELATING TO INVENTORY OF SUB-GRADE IRON ORE FINES.  Full Article

SAIL June Domestic & Export Sales Of About 1.3 Mln Tonnes, Up 18%
Thursday, 2 Jul 2020 

July 2 (Reuters) - Steel Authority of India Ltd ::JUNE DOMESTIC AND EXPORT SALES STOOD AT ABOUT 1.3 MILLION TONNES, UP 18%.EXPORTED 340,000 TONNES OF STEEL DURING JUNE.SOLD 42,000 TON OF PIG IRON DURING JUNE.  Full Article

Steel Authority Of India Postpones Board Meeting To Approve March-Qtr Results
Wednesday, 1 Jul 2020 

July 1 (Reuters) - Steel Authority of India Ltd ::BOARD MEETING SCHEDULED FOR JULY 3 TO APPROVE MARCH-QUARTER RESULTS HAS BEEN POSTPONED.  Full Article

India's SAIL's Capacity Utilisation Likely To Go Down During Lockdown Period
Thursday, 26 Mar 2020 

March 26 (Reuters) - Steel Authority of India Ltd ::INTIMATION OF TEMPORARY DISRUPTION IN OPERATIONS OF COMPANY DUE TO NOVEL CORONAVIRUS (COVID-19).MANUFACTURING OPERATIONS IN ALL PLANTS/UNITS HAVE BEEN RATIONALIZED AS WARRANTED.CAPACITY UTILISATION IS LIKELY TO GO DOWN DURING PERIOD OF LOCKDOWN.OVERALL ADVERSE IMPACT ON CO'S OPERATIONS DURING LOCKDOWN, EXPECTED FINANCIAL IMPACT NOT IMMEDIATELY ASCERTAINABLE.  Full Article

SAIL's Production Marginally Hit So Far Due To Lockdown - Source
Thursday, 26 Mar 2020 

March 26 (Reuters) - :STEEL AUTHORITY OF INDIA OBTAINED PERMISSIONS FROM STATE GOVTS TO KEEP VITAL PLANTS, EQUIPMENT IN RUNNING CONDITION WITH MINIMUM MANPOWER - SOURCE.SAIL FACING CHALLENGES IN ROAD MOVT OF ESSENTIAL ITEMS NEEDED FOR PRODUCTION, CLEARANCES & HANDLING AT PORTS, MOVEMENT OF EMPLOYEES & LABOURS - SOURCE.SAIL'S PRODUCTION MARGINALLY HIT SO FAR DUE TO LOCKDOWN - SOURCE.SAIL FACING INVENTORY PILE-UP DUE TO CHALLENGES AROUND MOVEMENT OF ESSENTIAL ITEMS - SOURCE.SAIL FACING CANCELLATION, RE-SCHEDULING OF ORDERS DUE TO PORT HANDLING, COMMERCIAL ISSUES - SOURCE.  Full Article

Steel Authority Of India Posts Dec-Qtr Net Loss of 4.3 Bln Rupees
Friday, 14 Feb 2020 

Feb 14 (Reuters) - Steel Authority of India Ltd ::DEC-QUARTER NET LOSS 4.3 BILLION RUPEES VERSUS PROFIT OF 6.16 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR DEC QUARTER LOSS WAS 4.51 BILLION RUPEES.DEC-QUARTER REVENUE FROM OPERATIONS 165.41 BILLION RUPEES VERSUS 158.36 BILLION RUPEES YEAR AGO.  Full Article

India Steel Minister Says Will Slowly Begin Stake Dilution In SAIL, Retain Management
Thursday, 21 Nov 2019 

Nov 21 (Reuters) - :INDIA STEEL MINISTER SAYS WILL SLOWLY BEGIN STAKE DILUTION IN STEEL AUTHORITY OF INDIA AND RETAIN MANAGEMENT.  Full Article

SAIL Chair Says Expect Steel Demand To Pick Up In Next Few Months
Thursday, 21 Nov 2019 

Nov 21 (Reuters) - Steel Authority of India Ltd Chairman ::CURRENT STEEL PRICES "NOT GOOD FOR SURVIVAL".EXPECT STEEL DEMAND TO PICK UP IN NEXT FEW MONTHS.  Full Article

Steel Authority Of India Says Fire At Bhilai Distillation Plant Contained, No Casualties
Friday, 24 May 2019 

May 24 (Reuters) - Steel Authority of India Ltd ::SAYS FIRE AT DISTILLATION PLANT IN BHILAI WAS CONTAINED AND THERE WERE NO CASUALTIES.  Full Article

Steel Authority Of India Says No Disruption In Bhilai Steel Plant's Normal Operation Due To Fire
Friday, 24 May 2019 

May 24 (Reuters) - Steel Authority of India Ltd ::FIRE AT BHILAI STEEL PLANT'S TAR DISTILLATION UNIT.THERE HAS NOT BEEN ANY DISRUPTION IN PLANT'S NORMAL OPERATION.NO LOSS OF LIFE OR ANY INJURY TO ANY OF PERSONS WORKING IN OR AROUND SITE.REASON FOR FIRE IS BEING PROBED INTO.  Full Article

BRIEF-Steel Authority Of India Says Few Employees At Corporate Office In New Delhi Test Positive for Coronavirus

* STEEL AUTHORITY OF INDIA LTD SAYS FEW EMPLOYEES OF CO'S CORPORATE OFFICE AT LODI ROAD, NEW DELHI HAVE BEEN TESTED CORONA POSITIVE