India’s largest steelmaking public sector company, Steel Authority of India Limited, announced its focus on value-added and special steel products, emphasizing customer engagement and cost optimization. The company is dedicated to volume expansion and cost efficiency in line with the government’s vision of Viksit Bharat@2047. Despite global volatility, the company reported a robust 11.75% growth in EBITDA in FY26 compared to the previous year.
The Profit After Tax (PAT) and Profit Before Tax of the company surged by around 50% and 44% respectively in FY26, while also reducing debt by Rs 8,148 crore over the previous year. SAIL’s Chairman & Managing Director, Dr. Ashok Kumar Panda, credited this performance to marketing strategies, production enhancements, efficiency improvements, and financial strategies that boosted both revenue and profits. The company’s financial position is strong, and it aims to meet its FY27 targets with the support of strong group synergy.
SAIL’s focus in FY26 included reducing working capital borrowings, leading to a notable enhancement in profitability. The company undertook various initiatives to enhance competitiveness and resilience, such as expanding retail networks, customer outreach, and delivery innovations, along with market diversification and product offerings. SAIL achieved its best-ever techno-economic parameters in key areas like coke rate, fuel rate, blast furnace productivity, and energy consumption, showcasing operational excellence.
In FY26, SAIL developed 28 new products, expanding its product range, and emphasized adopting more environmentally friendly technologies. The company recorded its highest-ever sales of 20.14 million tonnes in FY26, marking an 11.5% increase from the previous year. Sales growth was witnessed across all product categories, reflecting a comprehensive performance improvement strategy.
