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 March 02, 2015, at 09:19 hrs Steel Authority of India was quoting at Rs 71.30, up Rs 0.75, or 1.06 percent. The 52-week high of the share was Rs 112.90 and the 52-week low was Rs 54.30.
The company's trailing 12-month (TTM) EPS was at Rs 5.35 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 13.33. 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 0.69.
READ MORE ON SAIL, steel authority of india limited, meeting, wage hike, dearness allownances, national joint committee for steel
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