On Tuesday, the company made a general announcement, stating how steel prices could see upward movement due to increased global demand and higher domestic consumption in 2023-2024 as major infrastructure projects are progressing at a rapid pace.  

The public holds approximately 61.80 per cent of the stock, while promoters hold 38.19 per cent. In the most recent quarter, promoters reduced their stake by 29.45 percent in Q2FY23 compared to Q2FY22.