Shares of Steel Authority of India Limited (SAIL) opened lower on Monday on the National Stock Exchange, trading at ₹183.00, down ₹2.00 or 1.08 per cent, as investors assessed two key developments that emerged last Friday.
At 9.39 AM, the stock had touched an intraday high of ₹185.88 before retreating, with sell-side pressure dominant: 70.30 per cent of total order quantity was on the sell side against 29.70 per cent on the buy side. Traded volume stood at 17.18 lakh shares worth ₹31.60 crore, with only 26.25 per cent of traded quantity resulting in delivery, suggesting largely intraday activity.
The two triggers: SAIL declared a final dividend of ₹2.35 per equity share of face value ₹10 for FY2025-26, with September 30, 2026 as the record date. Shareholders on record as of that date will be eligible. The dividend resolution was approved at SAIL’s 54th Annual General Meeting held on September 24, with 98.27 per cent of votes in favour.
Separately, SAIL and Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India, signed a memorandum of understanding on September 25 for the joint development and operation of two coal blocks in West Bengal, SAIL’s Indikatta Ramnagore block and BCCL’s East of Damagoria (Kalyaneshwari) block. The combined peak rated capacity of both blocks is 4.0 million tonnes per annum, with an estimated 79 million tonnes of extractable reserves in Phase 1.
The MoU is aimed at boosting domestic coking coal supply for India’s steel industry, reducing import dependence in line with the government’s Atmanirbhar Bharat push.
SAIL’s stock has gained 39.67 per cent over the past year, touching a 52-week high of ₹209.70 on May 14, 2026. The total market capitalisation stands at ₹75,588.61 crore.
Published on September 28, 2026
