SAIL Achieves Record-Breaking Performance for FY’26; Reintroduces Chequered Plates to Expanding Portfolio

New Delhi, March 11, 2026: Steel Authority of India Limited (SAIL), the nation’s largest public sector steel-producing Maharatna, has announced its best-ever sales performance for the April 2025 to February 2026 period. The company reported record total sales of 18.24 million tonnes (MT) during the 11-month stretch, marking a robust 14% year-on-year growth. This surge in volume was matched by a financial milestone, as the company recorded its highest-ever cash collection of INR 1.11 lakh crore, a 10% increase compared to the previous year, the company said in a press release. 

The company’s strong performance was bolstered by a strategic, customer-centric approach that saw significant improvements across retail sales, stockyard transactions, and door-delivery services. In February 2026 alone, SAIL clocked total sales of 1.58 MT. Demonstrating sharp operational efficiency, the steel major successfully reduced its inventory by 1.05 lakh tonnes compared to January and lowered its total borrowings by INR 1,000 crore within the month.

In a move to capture specific market segments, SAIL has officially reintroduced the production of chequered plates. This strategic expansion marks the first time these plates are being manufactured at the Bokaro Steel Plant in Jharkhand. The reintroduction is designed to cater to rising demand in infrastructure and industrial sectors that require specialized, high-traction steel flooring solutions.

Commenting on the company’s fiscal and operational trajectory, Dr. AK Panda, Director (Finance) with additional charge of Director (Commercial), highlighted the balance between growth and stability. He stated, “We are ready to adapt and grow with the market. By managing inventory and working capital smartly, we are showing financial discipline that strengthens the company’s foundation. At the same time, our record sales and cash collections are proof of the trust our customers place in us.”

With one month remaining in the 2026 fiscal year, SAIL’s consistent growth in both domestic reach and product diversification positions the Maharatna to conclude the year on a historic high, reinforcing its role as a backbone of India’s industrial sector.