|Bid||21.15 x 0|
|Ask||21.25 x 0|
|Day's Range||21.00 - 22.75|
|52 Week Range||21.00 - 74.40|
|Beta (5Y Monthly)||1.98|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||76.11|
State-owned Steel Authority of India Ltd (SAIL) has declined a government call for a dividend for the last financial year, saying it did not have "any cash and bank balance" and that its debt-to-income ratio was much higher than agreed with some lenders, showed an internal document reviewed by Reuters. SAIL's refusal could make it harder for the government to meet its budgeted target of raising 1.06 trillion rupees ($14.95 billion) from the dividends and profit of state-owned companies this fiscal year ending March. Last fiscal year, the government received 1.23 billion rupees, 13 percent below the then target.
(Reuters) - Steel Authority of India Ltd missed analysts' estimates for quarterly profit on Friday, as it booked a one-time charge of 2.77 billion rupees ($40.38 million), including a provision for royalty payment to Odisha government.
Steel Authority of India Ltd (SAIL), the country's largest state-owned alloy producer, failed to meet its target to supply rails for Indian Railways during the fiscal year for 2017/18, underscoring the problems of modernising the country's rail network. SAIL, which swung to profits in the October to December quarter after 10 straight quarterly losses, supplied 874,000 tonnes of steel in 2017/18, as against the revised target of 950,000 tonnes, according to a document the company prepared for Ministry of Steel that was reviewed by Reuters. The 2017/18 target was lowered from 1.46 million tonnes, the initial aim for the last fiscal year.