Steel Authority of India Ltd


BSE: 500113 | NSE: SAIL | ISIN: INE114A01011 
Market Cap: [Rs.Cr.] 37,608 | Face Value: [Rs.] 10
Industry: Steel - Large

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Board Meet

29-May-12 
Steel Authority of India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 29, 2012, to take on record the Audited Accounts (Subject to review under section 619(4) of the Companies Act, 1956) for the year ended March 31, 2012 and also to consider recommendation of final dividend for the year 2011-12, subject to approval of shareholders in the Annual General Meeting. 
13-Feb-12 
Steel Authority of India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 13, 2012, inter alia, to consider and take on record Unaudited Financial results of the Company for the quarter and nine months ended on December 31, 2011 and also to consider Interim Dividend, if any, for the year 2011-12 at the said meeting. Steel Authority of India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 13, 2012, inter alia, have approved declaration of Interim Dividend @ Rs. 1.20 per share of the face value of Rs. 10/- per share of the Company for the Financial Year 2011-12. The date of payment of dividend will be February 20, 2012. (As Per BSE Announcement Dated on 13.02.2012) 
03-Nov-11 
Steel Authority of India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 03, 2011, inter alia, to consider and take on record Unaudited Financial results of the Company for half-year and quarter ended on September 30, 2011. 
29-Jul-11 
With reference to approval of the Board of the Company (SAIL) and the Ministry of Steel, Government of India to the Scheme of Amalgamation of Maharashtra Elektrosmelt Ltd (MEL) with Steel Authority of India Ltd (SAIL), Steel Authority of India Ltd has now informed BSE as under : '2.0 The Ministry of Corporate Affairs (MCA), New Delhi vide its letter dated June 14, 2011 has now forwarded the Order of the Central Government sanctioning the Scheme of Amalgamation of Maharashtra Elektrosmelt Ltd (MEL) with Steel Authority of India Ltd (SAIL) under Section 391-394 of the Companies Act, 1956. In line with the directions of the MCA to file a copy of the Order with the Registrar of Companies within 30 days of the receipt thereof, the Order has been filed with the Registrar of Companies at Mumbai and Delhi by MEL on July 12, 2011 and by SAIL on July 13, 2011 respectively. With the filing of the Order, the amalgamation has been effective and MEL has been dissolved. 3.0 In terms of the Scheme, the shareholders of MEL are entitled to receive fully paid-up equity shares of SAIL in the share exchange ratio of 1:1.7 i.e. for every 1.7 fully paid-up equity shares of Rs. 10 each held in MEL, every shareholder of MEL shall without any application, act or deed, be entitled to receive 1 fully paid-up equity share of Rs. 10 of SAIL, as consideration for this Scheme. Since SAIL cannot issue shares to itself, no consideration shall be paid and no shares shall be allotted by SAIL to itself as consideration. Further, the Board of Directors of SAIL shall determine a Record Date, for ascertaining the shareholders of MEL to whom fully paid-up equity shares of SAIL are to be issued and allotted as consideration for this Scheme. A Board Meeting of SAIL is scheduled to be held on July 29, 2011, where a decision on the Record Date would be taken.' Quarterly Results (As Per BSE Bulletin Dated on 27.07.2011) With reference to the earlier announcement dated July 19, 2011 regarding Board Meeting on July 29, 2011 for fixing the Record Date in connection with amalgamation of Maharashtra Elektrosmelt Ltd. (MEL) with SAIL, Steel Authority of India Ltd has now informed BSE that the unaudited accounts of the Company for the quarter ended June 30, 2011 (Q1) will also be considered in the Board Meeting to be held on July 29, 2011. (As Per BSE Announcement Dated on 27.07.2011) Steel Authority of India Ltd has informed BSE that the Ministry of Corporate Affairs has by its order dated June 10, 2011 sanctioned the scheme of amalgamation between Maharashtra Elektrosmelt Limited ('MEL') and Steel Authority of India Limited ('SAIL') under Sections 391 to 394 of the Companies Act, 1956 ('Scheme'). The Scheme has become effective from July 13, 2011. Pursuant to the Scheme, the equity shareholders of MEL will be entitled to receive shares of SAIL in the following exchange ratio: 1 fully paid-up equity share of Rs. 10 each of SAIL for every 1.7 fully paid-up equity share of face value of Rs. 10 each held by the equity shareholders of MEL. In terms of Clause 4.2.4 of the Scheme, the Board of Directors of SAIL in its meeting held on July 29, 2011 has fixed August 10, 2011 as the 'Record Date' for determining the names of the shareholders of MEL who will be entitled to be issued and allotted equity shares of SAIL as per the above exchange ratio. (As Per BSE Announcement Website dated on 01.08.2011) 
24-Jun-11 
Steel Authority of India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 24, 2011, to take on record the Audited Accounts (Subject to review under section 619(4) of the Companies Act, 1956) for the year ended March 31, 2011 and also to consider recommendation of final dividend for the year 2010-11, subject to approval of shareholders in the Annual General Meeting. Steel Authority of India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 24, 2011, inter alia, have recommended a final dividend @ Rs. 1.20 per share, in addition to the interim dividend @ Rs. 1.20 per share already paid, for the financial year 2010-11, thus taking the total dividend to Rs. 2.40 per share of face value of Rs. 10/- per share, subject to approval of shareholders in the AGM. (As Per BSE Announcement Website dated on 24.06.2011) 

AGM

22-Sep-11
Steel Authority of India Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 12, 2011 to September 02, 2011 (both days inclusive) for the purpose of Payment of Final Dividend & 39th Annual General Meeting (AGM) of the Company to be held on September 22, 2011. Steel Authority of India Ltd has informed BSE that 39th Annual General Meeting (AGM) of the Company was held on September 22, 2011 inter alia, have accorded to the following: 1. Adoption of the audited Profit & Loss Account for the year ended March 31, 2011, the Balance Sheet as at that date and Directors and Auditors Reports thereon. 2. Re-appointed Prof. Deepak Nayyar, as a Director of the Company. 3. Re-appointed Shri A. K. Goswami as Directors of the Company. 4. Board of Directors authorised to decide and fix remuneration payable to Statutory Auditors for the financial year 2011-2012. 5. Declaration of final dividend of 12% on the paid up equity share capital of the Company. Further, confirmation of interim dividend of 12% on the paid up equity share capital of the Company. 6. Appointed Shri Shuman Mukherjee, as a Director of the company, liable to retire by rotation. 7. Appointed Shri P. K. Sengupta, as a Director of the Company, liable to retire by rotation, for a period of three years from the date of his initial appointment i.e. with effect from January 13, 2011. 8. Appointed Shri P. C. Jha, as a Director of the company, liable to retire by rotation, for a period of three years from the date of his initial appointment i.e. with effect from January 13, 2011. 9. Approved Amendment of Articles of Association of the company amending definition clause for including the position of Chairman and Managing Director in the definition of Chairman and also those clauses containing provision of Managing Director in the Articles of Association of the company by removing the words Managing Directors. 10. Appointed Shri Anil Kumar Chaudhary, as a Director of the company, liable to retire by rotation. (As Per BSE Announcement Dated on 10.10.2011) 
30-Sep-10
Steel Authority of India Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 01, 2010 to August 23, 2010 (both days inclusive) for the purpose of Payment of Dividend & 38th Annual General Meeting (AGM) of the Company to be held on September 14, 2010. With reference to the earlier announcement dated July 12, 2010 regarding holding of AGM on September 14, 2010 and Book Closure for the purpose of Dividend from August 01, 2010 to August 23, 2010 (both days inclusive), Steel Authority of India Ltd has now informed BSE that due to some unavoidable circumstances the 38th Annual General Meeting (AGM) of the Company has been postponed and shall now be held on September 30, 2010. Further the Company has informed that, the book closure period would remain same i.e. from August 01, 2010 to August 23, 2010 (both days inclusive). (As Per BSE Announcement Website dated on 27.07.2010) Steel Authority of India Ltd has informed BSE that the members at the 38th Annual General Meeting (AGM) of the Company held on September 30, 2010, inter alia, have accorded to the following: 1. Adoption of the audited Profit & Loss Account for the year ended March 31, 2010, the Balance Sheet as at that date and Directors and Auditors Reports thereon. 2. Re-appointment of Shri. Soiles Bhattacharya as a Director of the Company. 3. Authority to the Board of Directors to decided and fix the remuneration payable to Statutory Auditors for the financial year 2010-11. 4. Declaration of final dividend of 17% on the paid up equity share capital of the Company & declaration of interim dividend of 16% on the paid up equity share capital of the Company. 5. Adoption of the revised Audited Profit & Loss Accounts for the years ended March 31, 2008 & March 31, 2009 and Balance Sheets as at March 31, 2008 & March 31, 2009 and the Auditors Report thereon, finalised consequent upon amalgamation of Bharat Refractories Ltd with the Company with effect from April 01, 2007, in terms of Order of amalgamation notified by Ministry of Corporate Affairs on July 28, 2009. 6. Appointment of Shri. P K Bajaj, Shri. B B Singh & Shri. S S Mohanty as Directors of the Company, liable to retire by rotation. 7. Appointment of Shri. Deepak Nayyar & Shri. A K Goswami as Directors of the Company, liable to retire by rotation, for a period of three years from the date of his initial appointment i.e. with effect from February 11, 2010. 8. Appointment of Dr. Jagdish Khattar & Prof. Subrata Chaudhuri as Directors of the Company, liable to retire by rotation, for a period of three years from the date of his initial appointment i.e. with effect from August 21, 2010. 9. Authority to the Board to offer, issue and allot upto 41.304 crore Equity Shares of Rs. 10/- each for cash at such price and such premium as may be decided in consultation with the Government of India, Book Running Lead Managers and other concerned authorities, in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended from time to time, to any person or persons or in such manner and at such time as the Board of Directors may deem fit, subject to necessary provisions & approvals. 10. Subject to the approval of the Ministry of Corporate Affairs, Government of India, New Delhi, the Scheme of Amalgamation between Maharashtra Elektrosmelt Ltd and Steel Authority of India Ltd, hereby approved. (As Per BSE Announcement Dated on 09.10.2010) 
10-Sep-09
Steel Authority of India Ltd (SAIL) has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 01, 2009 to August 21, 2009 (both days inclusive) for the purpose of 37th Annual General Meeting (AGM) of the Company to be held on September 10, 2009. Steel Authority of India Ltd has informed BSE that the members at the 37th Annual General Meeting (AGM) of the Company held on September 10, 2009, inter alia, have accorded to the following: 1. Adoption of the audited Profit & Loss Account for the year ended March 31, 2009, the Balance Sheet as at that date and Directors and Auditors Reports thereon. 2. Re-appointment of Shri. R Ramaraju, Prof. Javaid Akhtar, Shri P K Sengupta & Dr. Vinayshil Gautam, as Directors of the Company, liable to retire by rotation. 3. Authority to the Board of Directors to decided and fix the remuneration payable to Statutory Auditors for the financial year 2009-10. 4. Declaration of final dividend of 13% on the paid up equity share capital of the Company & declaration of interim dividend of 13% on the paid up equity share capital of the Company. 5. Appointment of Shri. S N Singh, as a Director of the Company, liable to retire by rotation. (As Per BSE Announcement Dated on 29/09/2009) 
10-Sep-08
Steel Authority of India Ltd (SAIL) has informed BSE that the 36th Annual General Meeting (AGM) of the Company to be held on September 10, 2008. Steel Authority of India Ltd (SAIL) has informed BSE that the members at the 36th Annual General Meeting (AGM) of the Company held on September 10, 2008, inter alia, have accorded to the following: 1. Adoption of the audited Profit & Loss Account for the year ended March 31, 2008, the Balance Sheet as at that date and Directors and Auditors Reports thereon. 2. Re-appointment of Shri. V Shyamsundar, Shri. B N Singh, Shri V K Srivastava, Shri G Ojha, Shri. Shyamal Ghosh and Shri. Mohd. Yusuf Khan, as Directors of the Company. 3. Authority to the Board of Directors to decided and fix the remuneration payable to Statutory Auditors for the financial year 2008-09. 4. Declaration of final dividend of 18% on the paid up equity share capital of the Company & declaration of interim dividend of 19% on the paid up equity share capital of the Company. 5. Appointment of Shri. V K Gulhati & Shri. S P Rao, as Directors of the Company, liable to retire by rotation. 6. Amalgamation of Bharat Refractories Ltd with Steel Authority of India Ltd, with effect from April 01, 2007, subject to the sanction of the same by the Ministry of Corporate Affairs, Government of India and such other authorities, if any, as may be required. (As per BSE Announcement dated on 22/09/2008) 
20-Sep-07
Steel Authority of India Ltd (SAIL) has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 10, 2007 to August 29, 2007 (both days inclusive) for the purpose of payment of dividend & 35th Annual General Meeting (AGM) of the Company to be held on September 20, 2007. Sc-code 600113 Steel Authority of India Ltd (SAIL) has informed BSE that the members at the 35th Annual General Meeting (AGM) of the Company held on September 20, 2007, inter alia, have accorded to the following: 1. Adoption of the audited Profit & Loss Account for the year ended March 31, 2007, the Balance Sheet as at that date and Directors and Auditors Reports thereon. 2. Re-appointment of Dr. S C Jain, Prof. R P Sengupta, Dr. Velu Annamalai & Shri. Siddharth Kak, as Directors of the Company. 3. Authority to the Board of Directors to decided and fix the remuneration payable to Statutory Auditors for the financial year 2007-08. 4. Declaration of final dividend of 15% on the paid up equity share capital of the Company & declaration of interim dividend of 16% on the paid up equity share capital of the Company. 5. Appointment of Shri. R Ramaraju, Shri. S Bhattacharya & Shri. S S Ahmed, as Directors of the Company, liable to retire by rotation. 6. Appointment of Prof. Javaid Akhtar, Shri. P K Sengupta & Dr. Vinayshil Gautam as Directors of the Company, liable to retire by rotation, for a period of three years from the date of his initial appointment i.e. with effect from November 22, 2006. (As Per BSE Announcement Website Dated on 08/10/2007) 

EGM

No EGM Data Found!

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
Tata Steel 38,707.57 6.10 0.74 6.64 16.4 16.3 0.64
S A I L 37,608.48 9.03 1.01 7.95 13.9 14.3 0.52
JSW Steel 13,287.91 5.87 0.73 6.09 15.0 14.4 0.87
Bhushan Steel 9,402.86 9.18 1.37 12.31 20.5 9.6 2.83
Essar Steel 5,907.69 0.00 0.67 0.00 -5.3 1.7 2.06
Jindal Saw 3,539.50 11.37 0.88 8.02 12.3 15.1 0.31
Welspun Corp 2,796.00 149.70 0.91 7.23 12.6 13.5 0.80
Mah. Seamless 2,590.23 8.16 1.23 4.59 18.1 25.2 0.05
JSW ISPAT 2,564.65 0.00 11.99 0.00 0.0 0.0 8.03
Jindal Stain. 1,438.31 6.19 0.63 8.15 13.5 7.8 3.85
Man Inds. 556.44 5.83 0.96 0.98 18.1 15.8 0.48
PSL 300.71 5.49 0.34 4.79 8.8 10.9 2.16

Futures & Options Quote

 
Expiry Date
92.20 0.95  (1.0%)
Instrument: FUTSTK
Expiry Date: 31 May 2012
Open Price: 90.90
Average Price: 91.57
No. of Contracts Traded: 1,488,000
Open Interest: 10,102,000
Underlying: SAIL
Market Lot: 2000
Previous Close: 91.25
Day’s High | Low: 92.40 | 90.50
Turnover (Cr.): 13.63
Open Int. Change: 216,000.00 (2.2% )
View detailed F& O quotes >>

Key Information

Key Executives:

C S Verma , Chairman 

Devinder Kumar , Company Secretary 

Deepak Nayyar , Director(PartTime NonOfficial) 

A K Goswami , Director(PartTime NonOfficial) 


Company Head Office / Quarters:
Ispat Bhawan,
Lodi Road,
New Delhi,
New Delhi-110003
Phone : 91-011-24367481
Fax : 91-011-24367015
E-mail : secy.sail@sailex.com
Web : http://www.sail.co.in
Registrars:
MCS Ltd
F-65 1st Floor
Okhla Industrial Are
Phase-I
New Delhi-110020

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