This below 100 metal stock trades at 'attractive valuations'. Should you buy?
The brokerage believes that SAIL's debt has already peaked out while EBITDA has more room to grow16-02-2023
16-02-2023
STEEL AUTHORITY OF INDIA LTD. - 500113 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Extract of Newspaper Publication of Unaudited Financial Results for of SAIL the Quarter ended 31st December, 202214-02-2023
SAIL's net profit falls by 65% to Rs 542 crore in December quarter
State-owned SAIL on Monday posted around 65 per cent fall in its consolidated net profit at Rs 542.18 crore in the December 2022 quarter, on account of higher expenses. The company had clocked a net profit of Rs 1,528.54 crore in the October-December period of the preceding 2021-22 fiscal, Steel Authority of India Ltd (SAIL) said in a regulatory filing. Its total expenses soared to Rs 24,825.11 crore, compared to Rs 23,209.88 crore a year ago. However, total income also fell to Rs 25,140.16 crore from Rs 25,398.37 crore in the year-ago quarter. In a statement, SAIL said its crude steel production was at 4.708 Million Tonne (MT) during October-December compared to 4.531 MT a year ago. While sales were at 4.151 MT against 3.840 MT in the year ago quarter. "The challenging global situation and economic scenario all over the world had its impacts on the steel prices affecting the margins of the steelmakers," SAIL said. However, with the government's focus on enhancing capital expend13-02-2023
STEEL AUTHORITY OF INDIA LTD. - 500113 - Board Meeting Outcome for Unaudited Financial Results For The Quarter/Nine Months Ended 31St December, 2022
Unaudited Financial Results for the Quarter/Nine Months ended 31st December, 202213-02-2023
Govt to initiate closure of SAIL's steel unit in Bhadravathi: MoS Finance
The government has decided to shut SAIL's loss- making Visveswaraya Iron & Steel Plant (VISP) at Bhadravathi in Karnataka, Parliament was informed on Monday. The government had originally planned for privatising VISP and had invited Expression of Interest (EoI) for selling SAIL's 100 per cent stake in the unit in July 2019. However, in October last year, the government decided to scrap the strategic disinvestment plans of VISP due to low bidder interest. In reply to a question in the Lok Sabha, Minister of State for Finance Bhagwat Karad said the shortlisted bidders had expressed inability to participate in the sale process of VISP. "On account of old machinery, sub-optimal size, continuous losses and shutdown of blast furnace for a long time, it has been decided to initiate the process for closure of this unit," Karad said. The Cabinet had in October 2016 cleared strategic disinvestment of SAIL's 100 per cent stake in VISP.13-02-2023
STEEL AUTHORITY OF INDIA LTD. - 500113 - Board Meeting Intimation for Consider, Approve And Take On Record The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Nine Months Ended 31St December, 2022
STEEL AUTHORITY OF INDIA LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/02/2023 ,inter alia, to consider and approve and take on record the Unaudited Standalone and Consolidated Financial Results of the Company for the Quarter and Nine Months ended 31st December, 202206-02-2023
South Indian Bank ties up SAIL for financing dealers
The MoU was exchanged between Praveen Joy (Head-Transaction Banking Group) of South Indian Bank and Surendra Kumar Sharma, (CGM- Finance & Accounts) of SAIL17-01-2023
Mehul Kothari is bullish on Hind Petroleum, SAIL; check why
According to the technical analyst from Anand Rathi, Hind Petro can surge to Rs 278; while SAIL can advance to Rs 97.12-01-2023
SAIL: Why you can buy this stock now
Good demand outlook and raw material costs cooling off make the stock, currently trading at 85.85, a good buy07-01-2023
STEEL AUTHORITY OF INDIA LTD. - 500113 - Closure of Trading Window
Closure of Trading Window29-12-2022