SAIL shares dip as MoU with BCCL, dividend record date draw investor attention
The two triggers: SAIL declared a final dividend of ₹2.35 per equity share (face value ₹10) for FY2025-26, with September 30, 2026 as the record date. The 54th AGM approved it on September 24, with 98.27% in favour.
Shares of Steel Authority of India Limited (SAIL) opened lower on Monday, trading at ₹183.00, down 1.08% as investors assessed two key developments from last Friday. The first is the declaration of a final dividend of ₹2.35 per equity share for FY2025-26, with a record date of September 30, 2026. The second is the signing of a memorandum of understanding (MoU) with Bharat Coking Coal Limited (BCCL) on September 25, aimed at boosting domestic coking coal supply for India's steel industry.
The MoU covers two coal blocks in West Bengal, with a combined peak rated capacity of 4.0 million tonnes per annum and estimated reserves of 79 million tonnes in Phase 1. Despite the negative opening, SAIL's stock has gained 39.67% over the past year, reaching a 52-week high of ₹209.70 on May 14, 2026.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
