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Steel Authority of India Limited (SAIL.BO)
| Previous close | 67.25 |
| Open | 68.05 |
| Bid | 69.85 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 68.05 - 72.15 |
| 52-week range | 20.15 - 80.35 |
| Volume | 20,563,499 |
| Avg. volume | 3,427,712 |
| Market cap | 289.963B |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | 36.72 |
| EPS (TTM) | N/A |
| Earnings date | 10-Jul-2020 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 80.00 |
- Reuters
India asks oil and gas producers to use more local steel in infrastructure
India has asked domestic oil and gas companies to raise the share of domestically manufactured steel they use in future infrastructure projects worth billions of dollars to cut its dependence on imports, boost the economy and create jobs. Prime Minister Narendra Modi's government is pushing for local manufacturing to resuscitate the economy, which is likely to contract by about 5% this fiscal year. India, the world's third-biggest oil importer and consumer, plans to invest about $160 billion by 2025-26 in expanding refining capacity, building gas infrastructure and ramping up exploration and production.
- Reuters
Indian steel demand expected to drop 7.7% in 2020: industry body
Indian steel demand is expected to plunge to multi-year lows in 2020, hit by slowdowns in the construction, automotive and rail sectors as India fights the coronavirus with a protracted lockdown, a leading industry body said. Steel demand in India is set to contract 7.7% in 2020 with "significant downside risks", the Indian Steel Association (ISA), which represents some of the top steel producers, said in a note. Indian Prime Minister Narendra Modi has extended the nationwide lockdown until May 3, but the federal government has allowed states to restart some activity amid economic distress in rural areas.
