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Steel Authority of India (SAIL) News
Steel Authority of India (SAIL)
SAIL share price: Motilal Oswal raises target price to Rs 104
Wed, Mar 24, 2021
Motilal Oswal says with limited capex and higher pricing; SAIL should drive significant deleveraging and boost equity value. Motilal Oswal estimates net debt to decline by Rs 232 bn (Rs 56/sh, 76% of CMP) over FY20-23E to Rs 305 bn. Motilal Oswal also expects higher dividend payouts going forward (implying 5% yield), supported by strong FCF of Rs 19/sh (25% yield).
SAIL Share price: Strong beat, net debt declines sharply, should further decline; risk-reward attractive says JP Morgan
Mon, Feb 01, 2021
SAIL reported a large operating beat in Q3. While JP Morgan increased their estimates sharply for FY21, JP Morgan broadly maintained our FY22-23 estimates (FY22 EBITDA/t at Rs7.4K/t vs. Rs12K/t in 3Q). JP Morgan expects net debt to decline further over the next few quarters. SAIL offers an attractive risk-reward at 0.5x P/B.
SAIL Share Price: Announces Offer for Sale II Details Explained
Thu, Jan 14, 2021
SAIL has announced to the Stock Exchange through a notice that the promoter, the Government of India, which owns a 75% stake would divest up to 206.5 mn shares (5% of total shares outstanding) with a green shoe option to sell another 206.5 mn shares on 14 January and 15 January. Assuming the entire deal goes through (including the green shoe option) at the floor price, the Government of India would be able to raise up to Rs 26.4 bn (US $360 mn).
SAIL declines dividend to government, says has no cash- internal document
Fri, Aug 31, 2018
India`s second-biggest steel firm by current production said it had been due to pay out 21.71 billion rupees including tax to the government based on its "net-worth" last fiscal year.
L&T's construction arm wins orders worth Rs 1926 crore; shares down ahead of Q2
Tue, Nov 22, 2016
The company received a major order from Odisha Power Transmission Corporation Ltd. (OPTCL) for operating in five circles of the WESCO utility area in Odisha. For the same, it also bagged order from Madhyanchal Vidyut Vitaran Nigam Ltd. (MVVNL), Lucknow in three tehsils of Unnao district in the state of Uttar Pradesh.
Coal imports decline 14% to 16 MT in October
Sun, Nov 06, 2016
Coal imports in October remained almost flat compared to September.
BHEL bags Rs 1,600 crore thermal power project in Odisha
Mon, May 16, 2016
The company won the project from the joint venture of NTPC-SAIL.