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Latest news about Steel Authority of India

SAIL Reports 32% Profit Surge in H1 FY26, Reduces Debt by Rs 3,000 Crores 5 days ago

Steel Authority of India (SAIL) posted robust financial results for H1 FY26. Profit After Tax increased by 32% to Rs 1,112.00 crores, while Revenue from Operations grew 8% to Rs 52,625.00 crores. Sales volume rose 17% to 9.46 million tons. SAIL reduced borrowings by over Rs 3,000.00 crores, with non-IndAS borrowings decreasing to Rs 26,427.00 crores. The company maintained crude steel production at 9.5 million tons and reaffirmed its FY26 production guidance of 18.5 million tons. Higher realization from scrap and by-product sales contributed to profitability. SAIL expects improved performance in Q3 and Q4 as capital repairs are completed and demand picks up. The company is progressing with its IISCO expansion project to add 4.5 million tons of capacity.

SAIL Maintains Sales Target, Expects EBITDA Margin Improvement 7 days ago

SAIL Reports Strong Q2 FY26 Results: Sales Volume Up 16.7%, PAT Rises 32% 9 days ago

SAIL Reports Mixed Q2 Results: Revenue Up 3%, Net Profit Down 44% 10 days ago

SAIL Shares Hit 52-Week High Ahead of Q4 Results, Plans Margin Recovery Through Upgrades 10 days ago

More news about Steel Authority of India

08Sept 25

SAIL Executive Foresees Imminent Resumption of Cooking Coal Supplies from Mozambique Joint Venture

Steel Authority of India Limited (SAIL) anticipates resuming cooking coal supplies from its Mozambique joint venture within the next few months, according to a co-executive's statement. This development could enhance SAIL's raw material supply chain, potentially improving operational efficiency and reducing dependence on other coal sources. The resumption may lead to better supply chain stability, cost management, and quality control for SAIL's steel production processes.

06Sept 25

SAIL Schedules Board Meeting to Review Q3 FY2021 Results and Consider Interim Dividend

Steel Authority of India Limited (SAIL) has scheduled a board meeting for January 29, 2021, to review and approve financial results for Q3 and the first nine months of FY2020-21. The board will also consider an interim dividend. A trading window closure is in effect from January 1, 2021, until 48 hours after the results disclosure, prohibiting transactions involving SAIL securities by concerned persons.

26Aug 25

SAIL Supplies 8,000 Tonnes of Steel for Indian Navy's Advanced Frigates

Steel Authority of India Limited (SAIL) has supplied approximately 8,000 tonnes of critical-grade steel for the construction of two advanced frontline frigates of the Indian Navy. The steel, sourced from SAIL's plants in Bokaro, Bhilai, and Rourkela, was used in building INS Udaygiri and INS Himgiri, which were commissioned by Defence Minister Rajnath Singh. This contribution aligns with India's initiatives for import substitution, defense self-reliance, and 'Atmanirbhar Bharat'. SAIL has a history of supplying steel for various naval vessels, including INS Vikrant and INS Nilgiri, demonstrating its capability to meet defense-grade quality requirements.

14Aug 25

SAIL Set to Benefit from 5-Year Anti-Dumping Duty on Vietnamese Hot Rolled Steel Imports

India has implemented a five-year anti-dumping duty on certain hot rolled steel imports from Vietnam to protect domestic manufacturers. The measure, implemented by the Directorate General of Trade Remedies (DGTR), aims to counter unfair trade practices. Steel Authority of India Limited (SAIL), a major steel producer, is expected to benefit from this decision. The anti-dumping duty is designed to level the playing field for domestic producers and may lead to improved market conditions for Indian steelmakers.

01Aug 25

SAIL Reports Record Q1 Sales, 2.7x Profit Surge Amid Stock Valuation Impact

Steel Authority of India Limited (SAIL) achieved record-breaking Q1 sales of 4.55 million tons, a 15% year-over-year increase. Profit before tax surged 2.7 times to ₹890.00 crores, despite a ₹1,050.00 crore one-time stock valuation impact due to lower coking coal prices. SAIL reduced borrowings by ₹1,100.00 crores, increased production by 12%, and marketed 0.373 million tons of NMDC steel. The company maintains its full-year sales guidance of 18.5 million tons and has increased its capex target to ₹7,500.00 crores for the current fiscal year.

29Jul 25

SAIL Reports 41% Drop in Q1 Profit, CMD Remains Optimistic on Growth

Steel Authority of India Ltd. (SAIL) experienced a 41% decline in Q1 consolidated net profit to Rs 745.00 crore, down from Rs 1,251.00 crore in the previous quarter. The decrease was attributed to planned maintenance activities and a one-time accounting impact related to stock valuation. Despite the setback, Chairman Amarendu Prakash expressed optimism about future growth, citing improved cost efficiency and increased production levels. SAIL maintains its 8% growth target for FY26 over FY25. The company's stock closed at Rs 123.30, down 1.82%, with a 15.18% decline over the past year. Among 27 analysts tracking SAIL, 4 recommend Buy, 11 Hold, and 12 Sell, with a consensus target price of Rs 122.30.

29Jul 25

SAIL Sets Ambitious Sales Target of 18.5 Million Tons for FY26, Backed by ₹7,500 Crore CAPEX

Steel Authority of India (SAIL) has announced a sales target of 18.5 million tons for FY 2025-26, supported by an approved capital expenditure of ₹7,500 crores. The company plans significant expansion at its IISCO facility, expected to boost sales volume in FY 2026-27. SAIL's Q1 FY26 results show a sales turnover of ₹25,731.00 crore, EBITDA of ₹2,925.00 crore, and PAT of ₹685.00 crore. The company produced 5.10 million tons of crude steel and sold 4.55 million tons in Q1. SAIL's net worth stands at ₹56,224.00 crore with a debt-to-equity ratio of 0.51. The company maintains a diverse product portfolio and continues to improve its environmental performance.

28Jul 25

SAIL's Q1 Profit Soars to ₹744 Crore, Revenue Climbs to ₹26,157 Crore

Steel Authority of India (SAIL) reported a significant financial improvement in Q1. Consolidated net profit jumped to ₹744.60 crore from ₹81.80 crore year-over-year. Revenue increased by 7.72% to ₹26,157.00 crore. EBITDA rose 37.05% to ₹3,003.90 crore, with the EBITDA margin improving to 10.69%. Operating profit increased by 45.09% to ₹2,768.70 crore. The company managed to reduce interest expenses by 14.01% to ₹594.60 crore, while keeping total expenses growth modest at 4.81%.

25Jul 25

SAIL Reports 41% Drop in Net Profit for First Quarter

Steel Authority of India (SAIL) reported a consolidated net profit of ₹745.00 crore in Q1, down 41% from ₹1,251.00 crore in the previous quarter. Revenue from operations fell 11.6% to ₹25,922.00 crore. EBITDA decreased by 20.5% to ₹2,769.00 crore, with the EBITDA margin contracting to 10.7% from 11.9%. SAIL shares closed 4.04% lower at ₹130.67 on the National Stock Exchange following the results announcement. Analyst outlook remains cautious, with a mix of buy, hold, and sell recommendations.

24Jul 25

SAIL Sets Date for Q1 Results Announcement and Investor Call

Steel Authority of India Ltd. (SAIL) will release its Q1 FY2026 results on July 25, 2025, followed by an earnings call on July 28. The company's trading window will be closed until 48 hours after the results declaration. SAIL's previous quarter saw an 11.10% increase in net profit and a 4.70% rise in total income. The stock has shown mixed performance, gaining 25.09% over six months but declining 8% over the past year.

21Jul 25

SAIL Becomes Largest Steel Supplier for Zojila Tunnel Project

Steel Authority of India Ltd. (SAIL) has supplied over 31,000 tonnes of steel for the Zojila tunnel project, becoming its single largest steel supplier. The tunnel, set to be India's longest road tunnel and Asia's longest bi-directional tunnel, is 70% complete and expected to finish by 2026. The project cost has been optimized from Rs 12,000 crore to approximately Rs 5,500 crore. The 30-kilometer tunnel will feature smart technologies and aims to provide all-weather connectivity between Srinagar and Leh.

05Jun 25

SAIL Trims Debt by ₹750 Crore, Eyes Further Reduction in Current Fiscal

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%.

05Jun 25

SAIL Reduces Debt, Reports Profit Growth, and Plans Expansion

Steel Authority of India Limited (SAIL) has announced significant financial and operational developments. The company reduced its debt by Rs 750.00 crore to Rs 26,800.00 crore. SAIL reported an 11% growth in consolidated net profit for Q4, reaching Rs 1,250.98 crore. The steel producer aims to expand its production capacity to 35 million tonnes per annum by 2030.

30May 25

SAIL Q4 Earnings Surpass Expectations, Driven by Volume Growth and Easing Price Pressure

Steel Authority of India Limited (SAIL) exceeded market expectations with its Q4 earnings, driven by increased volumes and easing pricing pressure in the steel market. The company is focusing on operational improvements through sustenance projects and debottlenecking. SAIL aims to expand its capacity from 20 to 35 by 2031, signaling confidence in India's steel industry growth.

29May 25

SAIL Reports 11% Profit Surge in Q4, Declares Dividend Amid Revenue Growth

Steel Authority of India Limited (SAIL) reported a consolidated net profit of Rs 1,251.00 crore for Q4FY25, up 11% year-on-year. Revenue increased by 5% to Rs 29,316.00 crore. EBITDA rose 11.81% to Rs 3,845.50 crore, and operating profit grew 15.91% to Rs 3,454.50 crore. The company announced a final dividend of Rs 1.60 per share. However, full-year FY2024-25 PAT declined to Rs 2,372.00 crore from Rs 3,066.00 crore in FY24.

28May 25

SAIL's Q4 Profit Soars 393% Sequentially, Announces Dividend

Steel Authority of India Limited (SAIL) has reported a significant increase in its Q4 performance. The company's consolidated net profit rose by 393% to ₹1,251.00 crore, while revenue increased by 19.7% to ₹29,316.00 crore. EBITDA improved by 72% to ₹3,484.00 crore, with the EBITDA margin rising to 11.9%. SAIL's board has recommended a final dividend of ₹1.60 per equity share.

19May 25

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.