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Entry Price

72.00

Target

90.00

Recommend Date

17-03-2021

Return

25.0 %
BUY

Date : 17-03-2021

SAIL is one of leading steel producers in India, which has 5 large integrated steel plants (Bhillai steel plant, Rourkela steel plant, Durgapur steel plant, Bokaro steel plant and IISCO) spread across 4 states in eastern India (Chattisgarh, Odisha, West Bengal and Jharkhand). In addition, SAIL also has 3 special steel plants (Salem Steel plant, Alloy Steel plant and Visvesvaraya iron and steel plant) and a Ferro Alloy plant at Chandrapur. In FY20, SAIL reported saleable steel production of 15.1 Million Tonnes (MT), while saleable steel sales volume for the period under review stood at 14.2 MT (For 9MFY21, SAIL’s saleable steel production volume stood at 10.2 MT, while saleable steel sales volume stood at 10.6 MT). SAIL also has iron ore mines in the states of Chattisgarh, Jharkhand and Odisha, which aids in meeting 100% of its iron ore requirements captively