Announced Thu, 30 Jul · 10:18 IST
SAIL clarifies Krakatau Steel JV MOU already public, no undisclosed info
SAIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.4%1-day move
₹171.24
prior close
₹169.37
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-0.3-0.7-0.5-1.4-0.4+1.3+2.5+3.2+0.7+1.9———
Up moveDown movePending
AI summary
SAIL told BSE it signed a non-binding MOU with Indonesia's Krakatau Steel on 6 July 2026 to explore a joint venture for manufacturing stainless steel slabs in Indonesia. This was already disclosed through press releases in multiple newspapers on 8th to 12th July 2026. The Economic Times article on 29th July is a repeat of that earlier news, so SAIL says the share price movement that day cannot be linked to any new undisclosed information.
Likely market impact
JV exploration with Krakatau Steel is already in the public domain; BSE query finds no undisclosed trigger behind the price movement.