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.
On Monday, Steel Authority of India Limited (SAIL) shares opened lower on the National Stock Exchange, trading at ₹183.00, marking a decline of ₹2.00 or 1.08 per cent. This dip came as investors assessed two significant developments from last Friday. By 9:39 AM, the stock had reached an intraday high of ₹185.88, but ultimately retreated with sell-side pressure dominating the trading session - 70.30 per cent of total order quantity was on the sell side, while only 29.70 per cent was on the buy side.
The traded volume for the day was 17.18 lakh shares worth ₹31.60 crore, with a notable 26.25 per cent of the traded quantity resulting in delivery, suggesting predominantly intraday activity.
Two key factors influenced investor sentiment: SAIL's declaration of a final dividend of ₹2.35 per equity share with a face value of ₹10 for the fiscal year 2025-26, set for a record date of September 30, 2026. Shareholders eligible for this dividend must be on the company's records as of that date. The dividend approval was made during SAIL's 54th Annual General Meeting on September 24, with a strong 98.27 per cent of votes in favor.
In a separate but related development, SAIL teamed up with Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India, to sign a memorandum of understanding (MoU) on September 25. The agreement aims to jointly develop and operate two coal blocks in West Bengal – SAIL's Indikatta Ramnagore block and BCCL's East of Damagoria (Kalyaneshwari) block.
Together, these blocks have a peak rated capacity of 4.0 million tonnes per annum and are estimated to contain 79 million tonnes of extractable reserves in Phase 1. The primary goal of this collaboration is to enhance domestic coking coal supply for India's steel industry and reduce dependence on imports, aligning with the government's Atmanirbhar Bharat initiative.
Over the past year, SAIL's stock has seen a remarkable 39.67 per cent increase, reaching a 52-week high of ₹209.70 on May 14, 2026. With a total market capitalization of ₹75,588.61 crore, the stock's performance has captured investor attention amid these dual developments.
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