Steel Authority of India Limited (SAIL) held its 54th Annual General Meeting (AGM) in hybrid mode at CSOI, New Delhi, on September 24, 2026. Dr. A.K. Panda, Chairman and Managing Director, SAIL, presented the company’s performance for FY 2025–26 and outlined its priorities for the coming years.
Addressing shareholders, Dr. Panda said SAIL remained resilient despite global steel market volatility and geopolitical uncertainties. He highlighted technological upgrades, financial discipline, digitalisation, human resource initiatives and sustainability as key areas supporting the company’s performance.
Records Best-Ever Steel Production
SAIL reported its best-ever production of crude steel, finished steel and saleable steel during FY 2025–26. The company produced 10.7 million tonnes (MT) of value-added steel. This accounted for 56% of total saleable steel and was 7% higher than in FY 2024–25.
SAIL also introduced 28 new products during the year. These products cater to sectors including infrastructure, automotive, energy and manufacturing.
The company also supplied steel for five Indian Navy ships commissioned during the year. These included INS Arnala, INS Udaygiri, INS Himgiri, INS Androth and INS Anjadeep. SAIL also dispatched the first consignment of indigenously developed Vande Bharat wheels.
The company said these developments support its role in meeting evolving requirements across strategic and industrial sectors. SAIL also reiterated its commitment to the Viksit Bharat 2047 vision and the National Steel Policy.
Revenue Crosses ₹1.09 Lakh Crore
SAIL reported its highest-ever revenue of more than ₹1,09,000 crore in FY 2025–26. Revenue increased by 8% from the previous year.
The company reduced its borrowings by more than ₹5,000 crore through fund management measures. Higher sales volumes, lower inventory and reduced borrowings also supported profitability.
Profit Before Tax (PBT) increased by 44%, while Profit After Tax (PAT) rose by 50.5%. The Board has recommended a final dividend of ₹2.35 per equity share.
SAIL Plans Capacity Expansion and Green Projects
SAIL generated 5.61 million units of green power from the first 4 MW floating solar plant at IISCO Steel Plant. A 20 MW floating solar plant is under development at Bhilai Steel Plant.
The company is also considering 278.5 MW of solar projects across various plants.
Looking ahead, SAIL plans to expand its crude steel capacity to around 35 MTPA by FY 2030–31. The strategy includes green capacity creation and low-carbon technologies. It also focuses on digitalisation, stronger customer engagement and a higher share of value-added and special steels.
SAIL also plans deeper integration with retail and MSME ecosystems as it works towards its long-term capacity and sustainability objectives.
