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SAIL approves capacity expansion for Bhilai plant to 10.2 MTPA

after close1 source ↓written by the desknot a recommendation

at an estimated
6.8 MTPA to 10.2 MTPA
estimated cost
₹31,000 cr
completion timeline
42 months

Steel Authority of India Limited has approved a capacity expansion for its Bhilai Steel Plant from 6.8 MTPA to 10.2 MTPA at an estimated cost of ₹31,000 cr. The project is expected to create significant employment opportunities during construction and operations, with a completion timeline of 42 months. This expansion will enhance SAIL's production capabilities and strengthen its market position.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 21 Jul 2026, 16:07 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

SAIL closed −1.3% on the day of the news, from ₹164.07 to ₹161.98; Nifty −0.8% over the same session; futures OI +0.1%.

Bulletin at 16:07 IST on 21 Jul 2026. Every change is measured from ₹164.07, the last close before it, on 21 Jul. Nifty 50 is measured over the same sessions.

  • SAIL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
SAIL closes around the bulletin against the close before the news, with Nifty 50 rebased to it141.03164.07187.11axis spans 33%before the news · 21 Jul164.07Nifty 50SAILbulletinD0+1+3+515 Jul27 Jul5 AugFutures open interest, lotspeak 45,000Reference close ₹164.07. 16 sessions from 15 Jul to 5 Aug; the price axis spans 33 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before21 Jul₹164.07basebase
On the day22 Jul₹161.98▼ −1.3%▼ −0.8%−0.5 pp difference
+1 session23 Jul₹160.91▼ −1.9%▼ −1.3%−0.6 pp difference
+3 sessions27 Jul₹162.62▼ −0.9%▼ −0.8%−0.1 pp difference
+5 sessions29 Jul₹170.96▲ +4.2%▲ +0.3%+3.9 pp difference
Gap at the open, % · ₹
▲ +0.2%+0.28 on 22 Jul
Day's range, % · ₹
3.2%≈ 5.3 high to low
Volume on the day
0.77×the 20-session average
Futures OI on the day
▲ +0.1%+46 lots · short build-up · price −1.3%
Futures OI open, lots
44,00022 Jul · 28 Jul expiry
Futures premium, ₹
−0.42−0.3% to spot
Puts per call, by OI
0.55from 0.53 the session before
Max pain
170from 170 the session before

Source NSE UDiFF bhavcopy · SAIL on the desk →

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