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SAIL approves ₹31,000 cr capacity expansion at Bhilai plant

pre-market1 source ↓written by the desknot a recommendation

at an estimated
6.8 MTPA to 10.2 MTPA
estimated cost
₹31,000 cr
is targeted
42 months

Steel Authority of India Limited has approved a capacity expansion of its Bhilai Steel Plant from 6.8 MTPA to 10.2 MTPA at an estimated cost of ₹31,000 cr. This project is expected to create significant employment opportunities during both construction and operational phases. Completion is targeted in 42 months.

The expansion is crucial for enhancing SAIL's production capabilities, potentially impacting the steel market positively.

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 22 Jul 2026, 07:04 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 07:04 IST on 22 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 →

Thread · SAILAll SAIL bulletins →

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