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 September 22, 2014, Steel Authority of India closed at Rs 72.45, down Rs 2.15, or 2.88 percent. The 52-week high of the share was Rs 112.90 and the 52-week low was Rs 49.20.
The company's trailing 12-month (TTM) EPS was at Rs 6.53 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 11.09. The latest book value of the company is Rs 103.30 per share. At current value, the price-to-book value of the company is 0.70.
READ MORE ON SAIL, steel authority of india limited, meeting, wage hike, dearness allownances, national joint committee for steel
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