Steel Authority of India shares down 7 percent


Steel Authority of India shares down 7 percent
Bangalore: Steel Authority of India ended the day among top lasers with a loss of 18.30 (7.18 percent). The company opened the stock today at 256.90, and ended at 236.75. Overall 3573503 shares were traded throughout the day with current P/E ratio of 15.94. The company has 52-weeks high value of 258.55 and low of 111.90. The stock price chart for 52 weeks is given on left. Steel Authority of India (SAIL) is a steel making company in India. The company has five integrated steel plants and three alloy steel plants, which are its manufacturing units. Its product portfolio includes pig iron, crude steel and saleable steel. During the fiscal ended March 31, 2009 (fiscal 2009), it produced 14.4 million tons of hot metal, 13.4 million tons of crude steel and 12.5 million tons of saleable steel. The products exported were primarily billets, wire rods, plates, hot rolled (HR) coils and cold rolled non grain-oriented (CRNO) Coils. Its plants include Bhilai Steel Plant, Durgapur Steel Plant, Rourkela Steel Plant, Bokaro Steel Plant, IISCO Steel Plant and Salem Steel Plant. In August 2009, Bharat Refractories merged with SAIL. Other steel companies also ended the trading on low note with JSW Steel, Tata Steel and Jindal Steel & Power slipping 2.95, 1.86 and 0.84 percent respectively.