To sustain strong financial performance, Steel Authority of India Ltd (SAIL) outlined its strategic priorities for FY27 on Monday.
“Our performance in FY26 reflects the combined effect of marketing initiatives, production improvements, efficiency gains and better financial strategies, which have strengthened both the top and bottom line. The company’s financial health is sound and with strong group synergy, we are well-positioned to achieve our FY27 targets,” Chairman and Managing Director of SAIL, Ashok Kumar Panda, said. During FY26, SAIL delivered an EBITDA growth of 11.75 per cent. Its profit after tax and profit before tax ) surged by 50 per cent and 44 per cent, respectively, while simultaneously reducing debt by ₹8,148 crore compared with the previous fiscal year.
He further added, “Going forward, our emphasis will remain on customer focus, cost optimisation and expanding our portfolio of special steels to support India’s growing infrastructure and industrial needs. At the same time, we will continue to reduce working capital borrowings, which have already contributed to a significant improvement in profitability.”
STEEL STRATEGY
Meanwhile, in a statement, the company said that it is prioritising an increase in the share of value‑added and special steel products, with sharper focus on customer engagement and cost optimisation. “It remains firmly committed to its volume expansion plans, which are aligned with the Government’s vision of Viksit Bharat@2047.”
During FY26, SAIL undertook a series of initiatives that enhanced its competitiveness and resilience. These included expanding retail networks, customer outreach and delivery innovations, export and market diversification, modernising warehouses, diversifying product offerings, improving techno-economic parameters and brand promotions, among others.
SAIL also achieved its best‑ever techno‑economic parameters in areas such as coke rate, fuel rate, blast furnace productivity and specific energy consumption, reflecting its continuous operational excellence and progress towards becoming a more sustainable steelmaker. In addition, 28 new products were developed, enlarging SAIL’s product basket and reinforcing its ability to serve diverse customer segments, the statement added.