SAIL rises after board 2nd interim dividend for FY22

Steel Authority of India (SAIL) added 1.13% to Rs 98.30 after the company said that its board has approved the second interim dividend of Rs 2.50 per equity share for the FY 2021-22.

The record date for the purpose of payment of the second interim dividend is 29 March 2022.

Steel Authority of India (SAIL) is one of the largest steel-making companies in India and one of the Maharatnas of the country's Central Public Sector Enterprises. As of 31 December 2021, the Government of India owned about 65% of SAIL's equity and retains voting control of the company.

On a consolidated basis, the state-run steel major's net profit rose 4.11% to Rs 1,528.54 crore on 27.28% increase in net sales to Rs 25,246.99 crore in Q3 December 2021 over Q3 December 2020.

 

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