Governance Neutral

2026-10-13 19:03

- Change in Composition of SAIL Board. - Cessation of a board member announced pursuant to Ministry of Steel, Government of India order dated 12th October 2026.

Governance Neutral

2026-10-13 17:13

- Ms. Sarita Chauhan has been appointed as a Government Nominee Director on the Board of Steel Authority of India Limited (SAIL) with immediate effect. - Shri Vinod Kumar Tripathi ceased to be a Government Nominee Director on the Board of SAIL.

Business Update Positive

2026-10-07 16:47

- CareEdge Ratings revised SAIL's long-term bank facilities outlook to Positive from Stable while reaffirming the CARE AA rating. - Short-term bank facilities (Rs. 48,250 Cr) and Commercial Paper (Rs. 8,000 Cr) reaffirmed at CARE A1+. - Bonds rating withdrawn based on no-dues certificate. - Rating action driven by expectations of sustained scale of operations and improved profitability.

Governance Neutral

2026-10-01 15:32

- Shri Mohit Malpani has been appointed as ED(F&A) & Company Secretary of Steel Authority of India Ltd. (SAIL) w.e.f. October 2026, following the superannuation of Shri M.B. Balakrishnan. - Shri Mohit Malpani shall also act as the Compliance Officer of the Company pursuant to Regulation 6(1) of SEBI (LODR) Regulations, 2015. - Mr. Malpani has extensive experience in finance and industrial operations since joining SAIL in August 1991.

Routine Neutral

2026-09-28 17:51

- Trading window for dealing in SAIL securities closed from October 1, 2026. - Closure remains effective until 48 hours after declaration of financial results for Q2/H1 ended September 30, 2026. - Board meeting date to consider financial results will be intimated in due course.

Governance Positive

2026-09-25 16:47

- Steel Authority of India Limited held its 54th Annual General Meeting (AGM) on September 24, 2026. - All 8 resolutions, including the adoption of financial statements, retirement and re-appointment of directors, fixation of statutory auditor remuneration, declaration of a final dividend of ₹2.35 per share, appointment of Whole-Time Directors, and ratification of cost auditor remuneration, were approved by the shareholders with the requisite majority.

Business Update Positive

2026-09-25 16:35

Business Update: Steel Authority of India Ltd (SAIL) and Bharat Coking Coal Limited (BCCL) signed a Memorandum of Understanding Agreement. - The MoU is for the joint development and operation of the Indikatta Ramnagore Coal Block of SAIL and the East of Damagoria (Kalyaneshwari) Coal Block of BCCL in West Bengal. - This partnership aims to boost domestic coal production and secure domestic sources of coking coal.

Business Update Neutral

2026-09-19 17:07

- Investor presentation gives FY'27 snapshot: projected Revenue from Operations ₹26,246 Cr, EBITDA ₹4,356 Cr (16.7% margin), and PAT ₹1,636 Cr. Indian crude steel production grew 3% and consumption 8% in Q1 FY'27.

Business Update Neutral

2026-09-17 16:34

- Steel Authority of India Limited (SAIL) management will participate in non deal roadshows with prospective investors in Mumbai on 23rd and 24th September 2026.

Business Update Positive

2026-09-03 21:28

- India Ratings and Research upgraded SAIL's Long-Term Issuer Rating, Bank loan facilities (₹22,000 Cr), and Public deposits (₹1,000 Cr) to 'IND AA+/Stable'. - Commercial paper (₹8,000 Cr) rating was affirmed at 'IND A1+'. - Bond rating (₹14 Cr) was withdrawn, indicating full payment. - The upgrade reflects improved operational performance, reduced net debt, and better working capital management.

Ownership Neutral

2026-09-02 15:09

- Life Insurance Corporation of India (LIC) disclosed a market sale of 2.001% shares in Steel Authority of India Ltd (SAIL). - LIC's shareholding in SAIL decreased from 6.625% to 4.625%. - The transactions occurred between April 28, 2026, and September 01, 2026.

Business Update Positive

2026-09-01 16:53

- Business Responsibility & Sustainability Report for FY 2025-26, detailing ethical governance and sustainable practices. - Achieved 100% compliance with ISO 37001 (Anti-Bribery Management System) in FY 2025-26. - Reduced specific PM emissions to 0.57 kg/tcs and specific water consumption to 2.85 m³/tcs in FY 2025-26. - Committed to decarbonization goals including 384 MW renewable energy by FY 2028-29 and net-zero emissions by 2070. - Implemented robust grievance redressal and occupational health and safety systems (ISO 45001).

Routine Neutral

2026-08-27 18:00

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Governance Positive

2026-08-21 12:51

- SAIL's AGM on Thursday, 24th September, 2026 at 10:30 AM. - Record date for Final Dividend of Rs. 2.35/- per share for FY 2025-26 set as Wednesday, 30th September, 2026. - Approved dividend to be paid within 30 days of AGM.

Business Update Neutral

2026-08-10 17:22

- SAIL is exploring various options, including FPO/QIP, to raise funds for its capex needs. - This fund-raising activity is currently in a preliminary stage.

Business Update Positive

2026-08-01 15:55

- Management maintains full-year volume guidance, expecting growth over last year. - Q2 NSR is anticipated to be down by INR1,000-INR2,000/tonne compared to Q1, with imported coal cost expected to reduce by INR1,000-INR2,000 from August. - FY27 capex target is INR15,000 crores, projected to increase to over INR20,000 crores in the next 2-3 years. - Cost reduction efforts target INR2,000-INR3,000/tonne this year, with potential net cost savings of INR2,000/tonne by FY28-29 due to new facilities. - The company is advancing capital repairs and setting up a TMT bar mill at Durgapur (expected Sep-Dec 2027) to enhance finished steel production and profitability. - Debt-equity ratio has reduced to 0.36, and efforts are ongoing to reduce working capital borrowings.

Business Update Neutral

2026-07-30 10:19

- SAIL clarified a non-binding MOU with Krakatau Steel, Indonesia (July 6, 2026) to explore a Joint Venture for stainless steel slab manufacturing. - This news was previously announced. - SAIL is unaware of any unannounced information driving recent share price movement.

Business Update Neutral

2026-07-28 17:14

- Audio recording of the conference call held on July 28, 2026, discussing Q1 FY27 results (Quarter ended June 30, 2026) is now available on SAIL's website.

Financials Neutral

2026-07-24 18:43

CRITICAL RED FLAG DETECTED

- Consolidated Revenue ₹26245.67Cr vs ₹25921.76Cr (▲1.25% YoY) - EBITDA ₹4034.50Cr vs ₹2841.76Cr (▲41.97% YoY) - PAT ₹1644.05Cr vs ₹744.58Cr (▲120.80% YoY) - EBITDA Margin 15.37% vs 10.96% (▲441bps)

Business Update Neutral

2026-07-23 17:26

- Concall Schedule Rescheduled - Concall Date: 28th July, 2026 - New Concall Time: 9.30 AM (originally 11:00 AM) - Purpose: To discuss financial results for quarter ended 30th June, 2026

Business Update Neutral

2026-07-22 16:30

- Concall Schedule - Concall Date: 28th July, 2026 - Concall Time: 11:00 AM

Governance Neutral

2026-07-21 17:47

- SAIL's Board re-appointed M/s Shome & Banerjee, M/s Niran & Co., and M/s Narasimha Murthy & Co. as Cost Auditors for FY 2026-27 at their meeting on July 6, 2026.

Governance Neutral

2026-07-20 16:41

- Board of Directors meeting to be held on July 24, 2026. - Purpose: To consider and approve the Unaudited Standalone and Consolidated Financial Results for the Quarter ended June 30, 2026. - Trading window closed from July 1, 2026, until 48 hours after the results are announced.

Routine Neutral

2026-06-24 12:57

- The trading window for SAIL shares will remain closed from July 1, 2026, until 48 hours after the declaration of financial results for the quarter ended June 30, 2026. The date of the Board Meeting for considering results will be intimated in due course.

Governance Negative

2026-05-29 15:45

CRITICAL RED FLAG DETECTED

Steel Authority of India Limited (SAIL) recorded non-compliance in its Annual Secretarial Compliance Report for FY 2025-26. The company failed to maintain the prescribed composition of its Board (including independent and independent woman directors) and various committees (Audit, Nomination & Remuneration, Stakeholders' Relationship, Risk Management) as per SEBI regulations. Stock exchanges (BSE, NSE) levied fines totaling over ₹10 lakhs for these violations. SAIL stated that director appointments are government-nominated and requested fine waivers, with some positions filled by late 2025.

500113

Steel Authority of India Ltd

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