Steel Authority of India (SAIL) Ltd. Announced Dividend
In the 47th annual general meeting of Steel Authority of India Limited (SAIL), SAIL Chairman Anil Kumar Chaudhary told the shareholders that the financial year 2018-19 was very good for the company. He said, “SAIL has earned a net profit of Rs 2179 crore in the financial year 2018-19. The company had a loss of Rs 482 crore in the last financial year 2017-18. The company has also announced a 5% dividend for its shareholders for 2018-19.
The company gained a total of 2349 crores
SAIL has registered a profit of Rs 2349 crore (after tax) in the FY 2018-19. EBITDA of Rs 10,283 crore has been recorded by the company in the year 2018-19, which is almost double of Rs 5,184 crore in the financial year 2017-18.
Continuously increasing production
SAIL has said that production of hot metal, crude steel and celebrity steel will increase during the second half of 2018-19. In the second half of FY 2018-19, Hot Metal, Crude Steel and Celeble Steel grew by 12%, 13% and 10% respectively as compared to the first half. During this period, long rail production increased by 28% in the second half as compared to the first half. There was an increase of 35 in the production of UTS-90 rail.
Many products are being made under Make in India
“SAIL has supplied steel for every major national infrastructure project in the country including defense, railways, infrastructure, space, power, manufacturing and many more.The company commissioned the Steel for Bogibeel Bridge (India's longest rail-road bridge), Kishanganga and Tuirial Hydro Projects, Eastern and Western Peripheral Expressway projects including the Statue of Unity (world's tallest statue) during FY 2018-19. Is supplied The company is making many products under Make in India.
SAIL Dividend History
| Year/Month | Effective Date | Dividend Date | Dividend (%) (%) | Remarks |
| May 30, 2019 | Aug 22, 2019 | Final | 5 | Rs.0.5000 per share(5%)Final Dividend |
| May 29, 2015 | Aug 11, 2015 | Final | 2.5 | Rs.0.2500 per share(2.5%)Final Dividend |
| Feb 02, 2015 | Feb 18, 2015 | Interim | 17.5 | Rs.1.7500 per share(17.5%)Interim Dividend RD date has been Revised from 19/02/2015 |
| Feb 04, 2014 | Feb 18, 2014 | Interim | 20.2 | Rs.2.0200 per share(20.2%)Interim Dividend |
| May 30, 2013 | Aug 02, 2013 | Final | 4 | Rs.0.4000 per share(4%)Final Dividend |
| Jan 28, 2013 | Feb 15, 2013 | Interim | 16 | Rs.1.6000 per share(16%)Interim Dividend |
| May 29, 2012 | Aug 09, 2012 | Final | 8 | Rs.0.80 per share(8%)Final Dividend |
| Jan 23, 2012 | Feb 15, 2012 | Interim | 12 | |
| Jun 24, 2011 | Aug 10, 2011 | Final | 12 | |
| Dec 28, 2010 | Jan 18, 2011 | Interim | 12 | |
| May 28, 2010 | Jul 29, 2010 | Final | 17 | |
| Jan 12, 2010 | Feb 01, 2010 | Interim | 16 | |
| May 28, 2009 | Jul 30, 2009 | Final | 13 | |
| Jan 14, 2009 | Jan 30, 2009 | Interim | 13 | |
| May 16, 2008 | Jul 31, 2008 | Final | 18 | AGM |
| Jan 03, 2008 | Feb 01, 2008 | Interim | 19 | |
| May 21, 2007 | Aug 08, 2007 | Final | 15 | |
| Jan 16, 2007 | Feb 01, 2007 | Interim | 16 | |
| May 25, 2006 | Aug 10, 2006 | Final | 7.5 | AGM |
| Jan 10, 2006 | Feb 01, 2006 | Interim | 12.5 | |
| May 26, 2005 | Aug 11, 2005 | Final | 18 | AGM |
| Jan 10, 2005 | Jan 31, 2005 | Interim | 15 | |
| Jul 11, 1997 | Final | 2.5 |
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