State-owned Steel Authority of India (SAIL) has approved an interim dividend of Rs 2.5 per share for the current financial year 2021-22. This has been said in the exchange filing. SAIL’s Board of Directors in its board meeting held on March 16, 2022 has approved the payment of interim dividend of Rs 2.5 per equity share for the financial year 2021-22. This is the second interim dividend for the financial year 2021-22.
March 29 is the record date for dividend payment
The company has fixed March 29, 2022 as the record date for payment of second interim dividend. Shares of Steel Authority of India (SAIL) closed at Rs 98.10 on the Bombay Stock Exchange (BSE), up 0.93 per cent on March 17, 2022. The 52-week high of SAIL shares is Rs 151.10. At the same time, the low-level for 52 weeks is Rs 67.30. The company’s market cap is close to Rs 40,516 crore.
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The money invested in the sale became 4 times in 2 years
The stock of state-owned SAIL has fallen by about 12 per cent so far this year. At the same time, the company’s shares have gained 34 percent in the last one year. SAIL is a state-owned steel producer company. SAIL shares were at a level of Rs 21.15 on the Bombay Stock Exchange (BSE) on 27 March 2020. SAIL shares closed at Rs 98.10 on BSE on March 17, 2022. If a person had invested Rs 1 lakh in the shares of the company on 27 March 2020, then at present this money would have been close to Rs 4.63 lakh.
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SAIL’s standalone net profit grew 12 per cent to Rs 1,443 crore for the quarter ended December 31, 2021. At the same time, revenue from operations grew by 27 per cent to Rs 25,246 crore.