SAIL Trims Debt by ₹750 Crore, Eyes Further Reduction in Current Fiscal Jun 05, 2025
Steel Authority of India Limited (SAIL) has decreased its debt by approximately ₹750 crore in the previous fiscal year. The company plans to continue this trend in the current fiscal year. SAIL's total assets increased by 7.69% year-over-year, while total equity grew by 3.82%. Current assets saw a significant rise of 26.87%, potentially improving liquidity. However, current liabilities also increased by 8.36%, and non-current liabilities grew by 14.11%.
SAIL Reduces Debt, Reports Profit Growth, and Plans Expansion Jun 05, 2025
SAIL Q4 Earnings Surpass Expectations, Driven by Volume Growth and Easing Price Pressure May 30, 2025
SAIL Reports 11% Profit Surge in Q4, Declares Dividend Amid Revenue Growth May 29, 2025
SAIL Considers Separate Mining Vertical to Boost Iron Ore Production
The Steel Ministry is discussing the creation of a separate mining vertical within Steel Authority of India Ltd (SAIL) to enhance iron ore production. This restructuring aligns with SAIL's goal to increase installed capacity to 35 million tonnes per annum by 2030. SAIL currently operates 15 iron ore mines across three states. The proposed change could lead to more efficient management of mining assets, increased focus on iron ore production, operational streamlining, and potential innovation in mining techniques.
04Apr 25
SAIL Shares See Significant Block Trade on NSE Worth ₹27.60 Crore
A significant block trade of approximately 2,444,980 shares of Steel Authority of India Ltd. (SAIL) was executed on the National Stock Exchange (NSE) at ₹112.87 per share. The total transaction value amounted to ₹27.60 crore. This large-scale trade could potentially indicate a shift in institutional holdings or a strategic move by a major investor, although the specific motivations behind the trade remain unclear.
02Apr 25
SAIL Chairman Calls for Safeguard Duty to Protect Domestic Steel Industry
Steel Authority of India Limited's (SAIL) Chairman has called for the implementation of a safeguard duty to protect the domestic steel industry. This request suggests that Indian steel producers may be facing challenges from increased import competition. The proposed measure could impact steel prices, trade dynamics, and the overall competitiveness of the Indian steel sector.
24Mar 25
SAIL Sets Sights on Tasra Mine Launch and Ambitious Production Goals
Steel Authority of India Limited (SAIL) has announced plans to commence operations at the Tasra coking coal mine by 2026, aiming to enhance raw material self-sufficiency. Additionally, SAIL targets increasing its steel production capacity to 35.65 million tonnes per annum by 2031, signaling a significant expansion in its operations.
17Mar 25
SAIL Unveils Ambitious Expansion Plan for Rourkela Steel Plant
Steel Authority of India Limited (SAIL) has unveiled plans to expand its Rourkela Steel Plant's capacity to 9 million tonnes by 2030, with an investment of approximately ₹30,000 crore. This significant expansion aims to boost SAIL's production capabilities, create jobs, and strengthen its market position in response to anticipated growth in steel demand.
16Mar 25
SAIL Unveils Ambitious Rs 30,000 Crore Expansion Plan for Rourkela Steel Plant
Steel Authority of India Ltd (SAIL) plans to more than double the capacity of its Rourkela Steel Plant (RSP) to 9.4 MTPA by 2030, with an investment of Rs 30,000 crore. The expansion will cover 1,200 additional acres and include new facilities such as a raw material handling plant, coke oven battery, and thin slab caster. Post-expansion, RSP will contribute about 25% to SAIL's overall production target of 35 MTPA by 2030. This project is expected to enhance SAIL's competitiveness, create jobs, and contribute to regional economic development.