Steel Authority of India reported a 26% reduction in specific water consumption for FY26, bringing usage down to 2.85 m³/tcs from 3.83 m³/tcs in FY15-16. The Maharatna PSU also increased capital expenditure on environmental and social technologies to ₹313.98 crore, up from ₹108 crore in the previous year.

The company’s Business Responsibility and Sustainability Report (BRSR) for FY26 details progress across environmental, social, and governance parameters. Steel Authority of India achieved its best-ever Specific Energy Consumption (SEC) of 6.18 Gcal/tcs, though this remained slightly above the target of 6.08 Gcal/tcs. Total energy consumption rose to 541,647 TJ, with renewable sources contributing 2,561 TJ compared to 1,400 TJ in FY25.

Environmental Performance

Steel Authority of India focused heavily on decarbonization and waste management during the fiscal year. The company generated 14,530,391 tonnes of total waste, recovering 4,768,012 tonnes through recycling, reuse, or other operations. Scope 1 greenhouse gas emissions stood at 53,112,348 tonnes of CO₂ equivalent, while Scope 2 emissions were 5,195,092 tonnes.

Water management initiatives included the commissioning of a new effluent treatment system at Bokaro Steel Plant with a capacity of 1,500 m³/hr, designed on Zero Liquid Discharge (ZLD) principles. Specific CO₂ emissions from integrated steel plants were recorded at 2.53 T/tcs, against an interim target of 2.41 T/tcs for FY25-26.

What the Numbers Show

The data reveals a divergence between energy efficiency gains and emission targets. While Steel Authority of India successfully reduced its specific energy consumption to a record low of 6.18 Gcal/tcs, it missed its specific CO₂ emission target of 2.41 T/tcs, recording 2.53 T/tcs instead. This suggests that while operational efficiency improved, the intensity of carbon emissions per tonne of steel did not decrease at the same pace, potentially due to the mix of raw materials or process-specific factors not fully offset by energy savings.

Social and Governance Highlights

The company employed 49,752 permanent employees and engaged 68,066 contract workers as of March 2026. Female representation among permanent employees stood at 6%, while 7% of contract workers were female. Safety metrics showed improvement, with the Lost Time Injury Frequency Rate (LTIFR) for employees dropping to 0.09 from 0.23 in FY25. However, fatalities among workers rose to 9 from 5 in the prior year.

Governance structures include board-level subcommittees for health, safety, and environment. Steel Authority of India reported no monetary penalties or fines from regulatory agencies during FY26. The company also emphasized inclusive growth, sourcing 44.41% of eligible procurement from Micro and Small Enterprises (MSEs), amounting to ₹5,111.29 crore.

Steel Authority of India Limited ( Steel Authority of India ) will hold its 54th Annual General Meeting on September 24, 2026. The event is scheduled for 10:30 am and will be conducted through Video Conferencing or Other Audio Visual Means.

The company dispatched the AGM notice and the Annual Report for FY26 to shareholders electronically on September 1, 2026. These documents include the audited consolidated financial statements and reports from the Board and Auditors. The materials are also accessible on the company website and the National Securities Depository Limited portal.

Voting Process Details

Shareholders can participate in remote e-voting or cast votes during the meeting via electronic means. The cut-off date for determining voting eligibility is September 17, 2026, at the end of business hours. Only members recorded in the Register of Members or Depository Beneficial Owners as on this date are eligible to vote.

The remote e-voting period begins on September 20, 2026, at 9:00 am and concludes on September 23, 2026, at 5:00 pm. National Securities Depository Limited serves as the authorized agency for facilitating these voting processes.

Sachin Agarwal, a Company Secretary in Practice with M/s. Agarwal S. & Associates, has been appointed as the Scrutinizer. He will oversee the e-voting process to ensure fairness and transparency. The company will declare the e-voting results within two working days after the conclusion of the AGM.