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SAIL approves ₹31,000 crore capex for Bhilai plant expansion

after close1 source ↓written by the desknot a recommendation

investment to expand
₹31,000 crore
Plant's capacity
6.8 MTPA to 10.2 MTPA
be completed
42 months

Steel Authority of India Ltd (SAIL) has approved a ₹31,000 crore investment to expand the Bhilai Steel Plant's capacity from 6.8 MTPA to 10.2 MTPA. The project aims to create employment opportunities and is expected to be completed in 42 months. Major raw materials will be sourced from SAIL’s captive mines and other suppliers.

This expansion is significant for the steel sector, potentially enhancing SAIL's production capabilities and 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 22 Jul 2026, 16:04 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

SAIL closed −0.7% on the day of the news, from ₹161.98 to ₹160.91; Nifty −0.5% over the same session; futures OI +1.0%.

Bulletin at 16:04 IST on 22 Jul 2026. Every change is measured from ₹161.98, the last close before it, on 22 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 it139.24161.98184.72axis spans 33%before the news · 22 Jul161.98Nifty 50SAILbulletinD0+1+3+516 Jul28 Jul6 AugFutures open interest, lotspeak 45,000Reference close ₹161.98. 16 sessions from 16 Jul to 6 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 %
Before22 Jul₹161.98basebase
On the day23 Jul₹160.91▼ −0.7%▼ −0.5%−0.1 pp difference
+1 session24 Jul₹161.45▼ −0.3%▼ −0.9%+0.6 pp difference
+3 sessions28 Jul₹165.85▲ +2.4%▼ −0.1%+2.4 pp difference
+5 sessions30 Jul₹169.05▲ +4.4%▲ +1.3%+3.0 pp difference
Gap at the open, % · ₹
▲ +0.1%+0.11 on 23 Jul
Day's range, % · ₹
2.0%≈ 3.2 high to low
Volume on the day
0.70×the 20-session average
Futures OI on the day
▲ +1.0%+450 lots · short build-up · price −0.7%
Futures OI open, lots
44,00023 Jul · 28 Jul expiry
Futures premium, ₹
−0.070.0% to spot
Puts per call, by OI
0.54from 0.55 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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