The issue of wage revision at SAIL, pending for over 18 months, is expected to be settled this week, benefitting around 85,000 non-executives with at least 15 percent hike in basic and dearness allowances.
The issue of wage revision at SAIL , pending for over 18 months, is expected to be settled this week, benefitting around 85,000 non-executives with at least 15 percent hike in basic and dearness allowances.
Also read: SAIL incurs Rs 42,101 crore capex till July
"We have already communicated to them that are willing to go up to 15 percent. They may be consulting among themselves. I don't think they are yet to make up their minds," he said.
SAIL's manpower declined to under one lakh, as on June 30. However, its wage bill for the April-June quarter went up due to higher provisioning for wage revision and actuarial impact.
SAIL stock price
On July 02, 2015, at 15:32 hrs Steel Authority of India was quoting at Rs 64.65, up Rs 0.30, or 0.47 percent. The 52-week high of the share was Rs 101.00 and the 52-week low was Rs 59.15.
The company's trailing 12-month (TTM) EPS was at Rs 5.07 per share as per the quarter ended March 2015. The stock's price-to-earnings (P/E) ratio was 12.75. The latest book value of the company is Rs 108.36 per share. At current value, the price-to-book value of the company is 0.60.
READ MORE ON SAIL, steel authority of india limited, meeting, wage hike, dearness allownances, national joint committee for steel
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