Latest news with #SteelAuthorityofIndiaLtd
Business Standard
3 days ago
- Business
- Business Standard
Steel Authority of India Ltd Falls 1.86%
Steel Authority of India Ltd has added 11.92% over last one month compared to 5.61% gain in BSE Metal index and 0.88% rise in the SENSEX Steel Authority of India Ltd lost 1.86% today to trade at Rs 126.75. The BSE Metal index is down 0.88% to quote at 30490.86. The index is up 5.61 % over last one month. Among the other constituents of the index, Vedanta Ltd decreased 1.81% and Tata Steel Ltd lost 1.77% on the day. The BSE Metal index went down 6.79 % over last one year compared to the 9.81% surge in benchmark SENSEX. Steel Authority of India Ltd has added 11.92% over last one month compared to 5.61% gain in BSE Metal index and 0.88% rise in the SENSEX. On the BSE, 55397 shares were traded in the counter so far compared with average daily volumes of 10.38 lakh shares in the past one month. The stock hit a record high of Rs 167.9 on 03 Jun 2024. The stock hit a 52-week low of Rs 99.2 on 12 Feb 2025.
Mint
6 days ago
- Business
- Mint
Strong domestic demand, firm steel prices to keep SAIL in focus
After two lacklustre quarters, Steel Authority of India Ltd (SAIL) reported a rebound in performance in the March quarter (Q4FY25), driven by lower raw material costs and improved sales volumes—even as selling prices remained under pressure. SAIL's earnings before interest, tax, depreciation and amortization (Ebitda) stood at ₹3,500 crore in Q4FY25, slightly higher on a year-on-year basis. This marks a turnaround after a 5% decline in Q3 and a steep 40% drop in Q2. The blended realization for the quarter fell 10% from a year earlier to ₹55,000 per tonne. However, the company managed to offset this decline with a 9% rise in sales volumes (excluding volumes sold on behalf of NMDC Steel) and a drop in coking coal prices by about ₹1,500 per tonne. The company sold 0.36 million tonnes (mt) of steel on behalf of NMDC Steel under an agreement that provides for a fixed trading margin. Also read: Govt may harness public sector undertakings to drive green steel consumption Improved margins The company's Ebitda per tonne (adjusted for NMDC volumes) improved to ₹7,000 in Q4, up from ₹4,550 in Q3FY25, though lower than ₹7,620 reported in Q4FY24. Domestic steel prices have been under pressure due to a rise in imports, particularly flat products, which make up 95% of the imported steel. However, prices have started recovering—rising by about ₹3,000 per tonne—after the imposition of a safeguard duty on imports in April. Prices are expected to improve further after the monsoon, according to the company. The global outlook also offers some relief, with the World Steel Association projecting a rebound in consumption in 2025 after three years of decline. For FY25, SAIL's revenue dropped 3% to ₹1.02 trillion due to lower realizations, even though sales volumes rose. Ebitda for the full year declined 4% to ₹10,630 crore. The company has set a sales volume target of 19.2 mt for FY26, up from 17.9 mt in FY25. Also read: JSW-Bhushan case: Time to rewrite India's insolvency code? Operational efficiencies helped SAIL save ₹650 crore in FY25 through measures like reduced fuel consumption and higher throughput at efficient plants. Employee cost also declined during the year, despite a one-off adjustment in Q4, with a reduction in manpower and management expects savings of ₹400-500 crore in FY26. The company's plant-wise earnings reflect the disparity in steel product categories. While Ebit (earnings before interest and taxes) at Bokaro and Rourkela plants—focused on flat products—dropped 66%, Ebit at long-product-focused IISCO and Bhilai plants rose 25%. Capacity expansion plans SAIL aims to increase its total steelmaking capacity to 35 million tonnes per annum (mtpa) by FY31, up from the current 20 mtpa. The first phase of expansion, involving debottlenecking to add 2–3 mtpa, is expected by FY28. Capital expenditure (capex) is budgeted at ₹7,500 crore for FY26, up from ₹6,400 crore in FY25. Peak annual capex could reach ₹10,000 crore in FY28-29, which may put temporary pressure on the balance sheet—similar to the strain seen during the last expansion cycle between 2010 and 2020. SAIL shares have gained about 15% so far in 2025, buoyed by signs of a steel market recovery. Analysts say that trends in steel pricing and volumes will be key to determining future performance. Nuvama Institutional Equities expects the company to deliver 21% CAGR Ebitda growth over FY25–27, supported by stronger prices and lower coking coal costs. Also read: Steel prices climb as 'safeguard' duty looms, user industries warn of cost inflation
Business Standard
7 days ago
- Business
- Business Standard
Jindal Stainless Ltd Surges 3.44%
Jindal Stainless Ltd has added 18.02% over last one month compared to 7.06% gain in BSE Metal index and 1.62% rise in the SENSEX Jindal Stainless Ltd gained 3.44% today to trade at Rs 668.6. The BSE Metal index is up 0.7% to quote at 31228.63. The index is up 7.06 % over last one month. Among the other constituents of the index, JSW Steel Ltd increased 1.66% and Steel Authority of India Ltd added 1.48% on the day. The BSE Metal index went down 5.89 % over last one year compared to the 9.51% surge in benchmark SENSEX. Jindal Stainless Ltd has added 18.02% over last one month compared to 7.06% gain in BSE Metal index and 1.62% rise in the SENSEX. On the BSE, 2855 shares were traded in the counter so far compared with average daily volumes of 41583 shares in the past one month. The stock hit a record high of Rs 848 on 09 Jul 2024. The stock hit a 52-week low of Rs 497 on 07 Apr 2025.
Business Upturn
20-05-2025
- Business
- Business Upturn
Metal stocks gain in early trade: SAIL up 2.37%, MOIL up 1.89%, Hindalco up 1.29%, Hindustan Copper up 1.61%
By Aditya Bhagchandani Published on May 20, 2025, 10:21 IST Metal stocks were among the top performers in Tuesday's early trading session, witnessing notable gains across the board. The rally comes amid positive global cues and improved sentiment around industrial demand. At 10:10 AM, shares of Steel Authority of India Ltd (SAIL) surged 2.37% to ₹156.80, leading the gains in the metal pack. MOIL Ltd followed with a rise of 1.89%, trading at ₹263.50. Hindustan Copper Ltd gained 1.61% at ₹317.50, while Hindalco Industries Ltd climbed 1.29% to ₹645.95. Broader market sentiment for metal and mining stocks remained upbeat, possibly supported by expectations of increased infrastructure activity and firming base metal prices globally. Other notable movers included Vedanta Ltd, up 1.25% at ₹450.15, and Jindal Steel and Power Ltd, gaining 0.86% at ₹998.95. The BSE Metal index traded 1.2% higher, outperforming the broader market indices in early hours. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
14-05-2025
- Business
- Business Standard
Quick Wrap: Nifty Metal Index gains 2.46%
Nifty Metal index ended up 2.46% at 9052.1 today. The index has gained 11.00% over last one month. Among the constituents, Steel Authority of India Ltd rose 5.76%, Lloyds Metals & Energy Ltd gained 5.04% and National Aluminium Company Ltd jumped 4.92%. The Nifty Metal index has fallen 3.00% over last one year compared to the 11.02% increase in benchmark Nifty 50 index. In other indices, Nifty Realty index gained 1.70% and Nifty Energy index added 1.42% on the day. In broad markets, the Nifty 50 added 0.36% to close at 24666.9 while the SENSEX increased 0.22% to close at 81330.56 today.
