SAIL Highlights Record Value-Added Steel Growth and Financial Resilience at 54th AGM
New Delhi, September 25, 2026: Steel Authority of India Limited (SAIL) convened its 54th Annual General Meeting in a hybrid mode, outlining the company’s performance for FY 2025–26 alongside strategic priorities for capacity expansion and decarbonization, it said in a press release.
Addressing shareholders, Dr. A.K. Panda, Chairman & Managing Director, SAIL, noted that despite a challenging global steel environment marked by geopolitical uncertainties and market volatility, India retained its position as the world’s fastest-growing major steel producer.
Dr. Panda said, “SAIL demonstrated strong resilience and adaptability, achieving new benchmarks driven by technological upgrades, financial prudence, digitalisation, HR initiatives and sustainability efforts.”
He emphasized that performance during the year was marked by best-ever production figures in crude, finished, and saleable steel.
“The Company produced 10.7 Million Tonnes (MT) of value‑added steel, which was 56% of total saleable steel, up by 7% over FY’24-25, and introduced 28 new products across infrastructure, automotive, energy and manufacturing sectors – significantly strengthening SAIL’s ability to meet evolving national and sectoral requirements,” Dr. Panda said.
During the year, the public sector unit dispatched its first consignment of indigenously developed Vande Bharat wheels and supplied steel for five Indian Navy ships commissioned during the period, including INS Arnala, Udaygiri, Himgiri, Androth, and Anjadeep.
Highlighting the financial results, Dr. Panda said, “Reflecting operational efficiency, in FY 2025–26 SAIL posted its highest ever revenue, surpassing Rs 1,09,000 crore, an 8% increase over the previous year. Borrowings were reduced by more than Rs 5,000 crore through judicious fund management. With higher sales volume, lower inventory and reduced borrowings, the Company’s profitability strengthened, and both PBT & PAT improved by 44% and 50.5% respectively. The Board has recommended a Final Dividend of Rs 2.35 per equity share.”
On sustainability and expansion, the company generated 5.61 million units of green power from a 4 MW floating solar plant at IISCO Steel Plant, with a 20 MW floating solar project underway at Bhilai Steel Plant and 278.5 MW under consideration across other facilities.
Dr. Panda stated that SAIL is focused on expanding crude steel capacity to approximately 35 MTPA by FY 2030–31, supported by green capacity creation, low-carbon technologies, digital integration, and an increased share of value-added products.
