Previous close | 148.40 |
Open | 149.70 |
Bid | 151.85 x 0 |
Ask | 151.95 x 0 |
Day's range | 148.40 - 152.50 |
52-week range | 80.45 - 157.40 |
Volume | |
Avg. volume | 53,086,075 |
Market cap | 627.841B |
Beta (5Y monthly) | 1.74 |
PE ratio (TTM) | 20.24 |
EPS (TTM) | 7.51 |
Earnings date | 23 May 2024 - 27 May 2024 |
Forward dividend & yield | 2.00 (1.35%) |
Ex-dividend date | 20 Feb 2024 |
1y target est | 106.64 |
India will step up imports of coking coal, a key material in steel manufacturing, from Russia, as cargoes from top supplier Australia drop and steel mills struggle with rising prices, three government sources and an industry executive said. Steel mills in India, the world's second-biggest crude steel producer, have struggled with patchy supplies of coking coal from Australia, which normally accounts for more than half of India's annual imports of around 70 million tonnes.
Steel Authority of India is expecting four ships of coking coal from Russia in the September quarter, each with a capacity of 75,000 tonnes, Chairman Amarendu Prakash told reporters on Thursday. "We had four ships in the first quarter (April-June) and similarly we are expecting four such shipments in the quarter that ends in September," Prakash said. The country's largest state-owned steel producer also said the company was working on doubling coking coal production capacity in International Coal Ventures Private Limited (ICVL) at Mozambique.