Business Update Positive

2026-10-31 17:14

Current scenario: Global economy shows resilience despite geopolitical tensions and trade challenges while India's GDP estimates remain strong with upward revisions by IMF, World Bank, and RBI. Changes in trends: Chinese steel production and demand continue to decline while Indian consumption exhibits robust growth of 8% in H1 FY27. Management Guidance & Outlook: SAIL revised its FY27 sales volume guidance to approximately 21 million tons and anticipates stronger performance in H2 FY27 due to traditional peak demand and improving realizations. Capex: The company plans to spend around INR1,20,000 crores over the next four years (FY27 to FY31) with FY27 capex guidance at INR15,000 crores and INR20,000+ crores for next year. Growth Drivers: Expansion plans from 20 million tons to 35 million tons across four units (IISCO, Bokaro, Bhilai, and Rourkela), scaling up iron ore sales targets to 7-8 million tons, and reducing employee count to 26,000 by 2031.

Business Update Positive

2026-10-31 17:08

Current scenario - Global steel demand is projected to remain stable in calendar year 2026 with a 1.7% increase in 2027, driven by emerging economies. - Indian steel demand and production remain robust, though India continues to be a net importer of steel in H1 FY27. - Q2 FY27 crude steel production stood at 4.85 million tons (up 4% YoY) and sales volume at 5.2 million tons (up 5% YoY). Management Guidance & Outlook - Sales volume guidance for FY27 is revised to around 21 million tons. - Capex guidance stands at ₹15,000 crores for FY27 and is expected to exceed ₹20,000 crores in FY28, part of a total ₹1,20,000 crores planned over the next 4 years. - Stronger operational performance is anticipated in H2 FY27 due to seasonally stronger demand and realization improvements. - Tasra coking coal mines are on track to commence production from January 2027, providing cost savings. Growth Drivers - Expansion plans to scale capacity from 20 million tons to 35 million tons across four plants (IISCO, Bokaro, Bhilai, Rourkela). - Focus on external iron ore sales with targets of 7 to 8 million tons for the year.

Business Update Neutral

2026-10-28 18:04

Concall Schedule Concall Date: 28 October 2026 Link of recording for the conference call held with analysts and investors on financial results for the quarter ended 30 September 2026 has been updated on the company's website.

Governance Neutral

2026-10-28 17:58

- Steel Authority of India Limited has informed about the appointment of Ms. Sarita Chauhan and Shri Vinod Kumar Tripathi as Government Nominee Directors on the Board. - Ms. Sarita Chauhan is a 1999 batch IAS officer (AGMUT Cadre) serving as Additional Secretary & Financial Advisor in the Ministry of Steel. - Shri Vinod Kumar Tripathi is an IRSE-1995 officer and Joint Secretary in the Ministry of Steel with extensive experience in administration, management, and engineering.

Governance Neutral

2026-10-28 17:44

- Steel Authority of India Ltd (SAIL) has provided the brief profiles of newly appointed Government Nominee Directors on its Board. - Ms. Sarita Chauhan, Additional Secretary & Financial Advisor, Ministry of Steel, and Shri Vinod Kumar Tripathi, Joint Secretary, Ministry of Steel, have been appointed as Government Nominee Directors.

Business Update Neutral

2026-10-28 17:38

- Steel Authority of India Ltd. informed about the conference call held with analysts and investors on 28th October 2026 regarding the financial results for the quarter ended 30th September 2026. - The audio recording of the conference call has been made available on the company's website.

Business Update Neutral

2026-10-27 20:57

Steel Authority of India Limited (SAIL) released its Investor Presentation for Q2 and H1 FY27, showcasing H1 FY27 financial and operational highlights. - H1 FY27 Revenue from Operations stood at Rs. 58,243 crore with a PAT of Rs. 3,410 crore and EBITDA of Rs. 8,917 crore. - Total sales for H1 FY27 reached 9.326 MT, comprising 9.180 MT of domestic sales and 0.146 MT of exports. - Crude steel production for the period was reported at 9.605 MT. - Presentation includes macroeconomic overviews of global and Indian economic scenarios alongside international steel price trends.

Business Update Positive

2026-10-27 20:48

Steel Authority of India Ltd reported H1 FY27 financial and operational highlights through its investor presentation. - H1 FY27 Revenue from Operations stood at Rs. 58,243 crore with a Net Profit (PAT) of Rs. 3,410 crore and EBITDA of Rs. 8,917 crore. - Total steel sales for H1 FY27 reached 9.326 MT, comprising 9.180 MT of domestic sales and 0.146 MT of exports. - Crude steel production stood at 9.605 MT during the period, alongside 19.547 MT of iron ore mining. - Total debt (IndAS) stood at Rs. 31,464 crore with a Debt-Equity ratio of 0.52 and an EBITDA margin of 15.43% for H1 FY27.

Financials Neutral

2026-10-27 20:42

Q2 FY27 Consolidated Revenue ₹31,998Cr vs ₹26,704Cr (▲20% YoY) EBITDA ₹4,225Cr vs ₹2,288Cr (▲85% YoY) PAT ₹1,750Cr vs ₹419Cr (▲318% YoY) EBITDA Margin 13.2% vs 8.6% (▲463bps)

Financials Positive

2026-10-27 20:41

Q2 FY27 Consolidated Revenue ₹31,998Cr vs ₹26,704Cr (▲20% YoY) EBITDA ₹4,225Cr vs ₹2,288Cr (▲85% YoY) PAT ₹1,750Cr vs ₹419Cr (▲318% YoY) EBITDA Margin 13.2% vs 8.6% (▲463bps)

Business Update Neutral

2026-10-22 16:41

Concall Schedule Concall Date: 28th October, 2026 Concall Time: 10:30 AM

Business Update Neutral

2026-10-22 16:35

Concall Schedule Concall Date: 28th October, 2026 Concall Time: 10:30 AM

Governance Neutral

2026-10-21 15:51

- Board of Directors meeting scheduled in October 2026. - Agenda includes consideration and approval of Unaudited Standalone and Consolidated Financial Results for Q2 and H1 ended September 30, 2026. - Trading window remains closed until 48 hours after declaration of results.

Governance Neutral

2026-10-13 19:09

- Steel Authority of India Limited has informed about the cessation of Shri Abhijit Narendra as Government Nominee Director of the company. - The cessation is effective from October 12, 2026. - The change in the composition of the SAIL Board is pursuant to the order from the Government of India dated October 12, 2026.

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 17:25

- Steel Authority of India Limited (SAIL) has informed the exchange about the appointment of Shri Vinod Kumar Tripathi as Government Nominee Director. - The appointment is effective from October 12, 2026. - He has been appointed in place of Ms. Sarita Chauhan, Additional Secretary.

Governance Neutral

2026-10-13 17:25

- Steel Authority of India Limited (SAIL) has informed the exchange about the appointment of Ms. Sarita Chauhan as Government Nominee Director. - The appointment is effective from October 12, 2026, succeeding Shri Vinod Kumar Tripathi.

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.

Routine Positive

2026-10-07 16:53

- CareEdge Ratings revised the outlook on SAIL's long-term bank facilities (₹14,850 crore) from 'Stable' to 'Positive' while reaffirming the rating at CARE AA. - Short-term bank facilities (₹48,250 crore) and Commercial Paper (₹8,000 crore) were reaffirmed at CARE A1+. - Non-Convertible Bonds were withdrawn following a no-dues certificate. - The outlook revision reflects expected sustained operational scale and improved profitability driven by cost efficiencies and captive mining.

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 15:43

- Shri M.B. Balakrishnan ceased to be the Company Secretary & Compliance Officer of SAIL w.e.f. September 30, 2026, due to superannuation. - Shri Mohit Malpani has been appointed as the new ED(F&A) & Company Secretary, and Compliance Officer of SAIL w.e.f. October 2026. - Mr. Malpani has extensive experience in finance and operations within SAIL since August 1991.

Governance Neutral

2026-10-01 15:43

- Appointment of Shri Mohit Malpani as ED(F&A) & Company Secretary and Compliance Officer of SAIL with effect from October 01, 2026. - Appointment is consequent to the superannuation of the previous Company Secretary, Shri M.B. Balakrishnan, on September 30, 2026. - Shri Mohit Malpani has been with SAIL since August 1991, holding key leadership roles in finance and industrial operations.

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 17:52

- Trading window closed from October 1, 2026. - Closure remains effective until 48 hours after declaration of Q2/H1 FY27 financial results (quarter ended September 30, 2026). - Board meeting date for considering financial results to be intimated in due course.

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 16:41

- Steel Authority of India Limited (SAIL) and Bharat Coking Coal Limited (BCCL) signed an MoU on September 25, 2026. - The agreement is for the joint development and operation of the Indikatta Ramnagore Coal Block (SAIL) and East of Damagoria Coal Block (BCCL) in West Bengal. - The initiative aims to boost domestic coking coal production and secure indigenous sources.

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 Positive

2026-09-19 17:08

- Snapshot for FY'27: Revenue from Operations Rs. 26,246 crore, EBITDA Rs. 4,356 crore, PAT Rs. 1,636 crore. - EBITDA Margin for FY'27 stood at 16.7%. Debt (IndAS) was Rs. 31,970 crore with a Debt Equity ratio of 0.54. - India's GDP is projected to grow between 6.4% - 7.2% for future years, positioning it among the fastest-growing major economies. - In Q1 FY'27, India's crude steel production grew by 3% over CPLY and finished steel consumption grew by ~8% over CPLY.

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 16:40

- Steel Authority of India Ltd. (SAIL) management will participate in non-deal roadshows with prospective investors. - The roadshows are scheduled for September 23rd and 24th, 2026, in Mumbai.

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.

Business Update Positive

2026-09-03 21:24

- India Ratings and Research upgraded Steel Authority of India Limited's (SAIL) Long-Term Issuer Rating to 'IND AA+/Stable' from 'IND AA'. - Bank loan facilities (₹22,000 Cr) upgraded/affirmed to 'IND AA+/Stable/IND A1+'. - Public deposit (₹1,000 Cr) upgraded to 'IND AA+/Stable'. - Commercial paper (₹8,000 Cr) affirmed at 'IND A1+'. - Bond (₹14 Cr) rating 'Withdrawn' (paid in full).

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

New Filing detected. See link for details.

Routine Neutral

2026-08-27 17:58

New Filing detected. See link for details.

Financials Positive

2026-08-21 13:10

- AGM for FY 2025-26 to be held on Thursday, 24th September, 2026, at 10:30 AM. - Final Dividend of Rs. 2.35/- per equity share (23.50%) has been recommended for FY 2025-26. - Record date for the Final Dividend is Wednesday, 30th September, 2026. - Dividend will be paid within 30 days from the date of approval by shareholders at the AGM.

Governance Positive

2026-08-21 13:07

- AGM for FY 2025-26 will be held on Thursday, 24th September, 2026 at 10:30 AM via VC/OAVM. - The record date for the Final Dividend of ₹2.35 per equity share for FY 2025-26 has been fixed as Wednesday, 30th September, 2026. - The dividend, if approved at the AGM, will be paid within 30 days from the date of approval.

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 Positive

2026-08-11 15:58

- SAIL is exploring various routes, including FPO/QIP, to raise funds for its capital expenditure (capex) needs. - This exploration is currently in a preliminary stage.

Business Update Positive

2026-08-10 17:26

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

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 16:01

- Q1 FY27 Highlights: Consolidated EBITDA surged over 50% YoY to ₹4,356 Cr, and PAT increased by approximately 150% YoY to ₹1,636 Cr. - EBITDA margin for Q1 FY27 stood at 16.7%, marked as one of the best since FY21-22. - Debt-to-equity ratio reduced to 0.36 from 0.38/0.39; cost of debt decreased to 6.24% from 6.8% YoY. - Capital expenditure for Q1 FY27 was ₹2,575 Cr; full-year FY27 capex target is ₹15,000 Cr, projected to increase to ₹20,000-26,000 Cr in subsequent years. - Q1 production and sales volumes were impacted by planned advanced capital repairs, but full-year volume growth guidance is maintained. - Expecting coking coal cost reduction of ₹1,000-2,000 per tonne in Q2 FY27. - Aims for cost reduction of ₹2,000-3,000 per tonne in FY27 from Q2 onwards, with a long-term potential of ₹1,500-2,000 per tonne net EBITDA savings by FY28-29 from new facilities. - Outlook remains positive with robust steel demand in India and management's commitment to efficiency and growth.

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 11:46

- SAIL confirmed a non-binding MOU with Krakatau Steel (Indonesia) on July 6, 2026, to explore a Joint Venture for manufacturing stainless steel slabs. - This information was previously published in early July 2026. - SAIL clarified that a recent Economic Times article was old news and not a trigger for recent share price movements. - The company is unaware of other undisclosed information explaining the price movement.

Business Update Positive

2026-07-30 10:21

- SAIL signed a non-binding MOU with Krakatau Steel, Indonesia, on July 6, 2026, to explore a Joint Venture for manufacturing stainless steel slabs. This information was previously released by SAIL in early July 2026. - The company clarified that a recent news article (July 29, 2026) was a repeat and did not trigger the share price movement on July 29, 2026.

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 17:19

- Audio recording of the conference call held on July 28, 2026, with Analysts & Investors is available. The call discussed the Company's results for the Quarter ended June 30, 2026. - The recording can be accessed at: https://sail.co.in/en/investors-relation/performance-highlights

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 Negative

2026-07-24 18:48

CRITICAL RED FLAG DETECTED

- Consolidated Revenue ₹26,245.67Cr vs ₹25,921.76Cr (▲1.25% YoY) - EBITDA ₹4,034.50Cr vs ₹2,841.76Cr (▲41.97% YoY) - PAT ₹1,644.05Cr vs ₹744.58Cr (▲120.80% YoY) - EBITDA Margin 15.37% vs 10.96% (▲441bps) - The company's Board of Directors is not in compliance with regulations regarding the number of Independent Directors, Non-Executive Directors, and the absence of a Woman Director. - Certain officers and employees were suspended based on Ministry of Steel directives for investigation into policy/pricing decisions, though their suspension was later revoked, and management believes it will not materially impact operations.

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 17:34

- Concall Schedule for financial results for quarter ended June 30, 2026 has been revised. - Concall Date: 28th July, 2026 - Revised Concall Time: 9:30 AM (originally scheduled for 11:00 AM)

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 16:35

- Concall Schedule - Concall Date: 28th July, 2026 - Concall Time: 11.00 AM

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 17:56

- Board of Directors re-appointed M/s Shome & Banerjee, M/s Niran & Co., and M/s Narasimha Murthy & Co. as Cost Auditors for FY 2026-27. - The re-appointment was approved at a board meeting held on July 6, 2026.

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 17:31

- Trading Window for SAIL shares will close from July 1, 2026. It will reopen 48 hours after the declaration of Financial Results for the Quarter ended June 30, 2026. The Board Meeting date for results will be intimated later.

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.

Business Update Positive

2026-05-20 16:05

SAIL management guided for FY27 sales volume of 22 million tons (targeting 23 million tons subsequently) and crude steel production of 22.5 million tons, achieved through operational efficiencies beyond current capacity. Capex is projected at INR15,000 crores for FY27, increasing to INR18,000-19,000 crores in FY28, and INR20,000-25,000 crores annually thereafter for expansions at IISCO, Bokaro, and Bhilai, with new capacity expected from FY30-31. Employee costs are anticipated to reduce, and the net debt-to-equity ratio (currently 0.37) is targeted for further reduction. Management expects firm steel prices and good margins in FY27, driven by efficiency improvements and cost reduction efforts, despite anticipated muted demand in Q1/Q2 FY27. BISL is identified for disinvestment.

Business Update Neutral

2026-05-16 17:07

SAIL announced that the audio recording of the conference call held on May 16, 2026, with analysts and investors to discuss the Company's results for the Quarter and Year ended March 31, 2026, is now available on its website at https://sail.co.in/en/investors-relation/performance-highlights.

Financials Negative

2026-05-15 20:00

CRITICAL RED FLAG DETECTED

Standalone Revenue ₹110810.24 Cr vs ₹102478.19 Cr (▲8.13% YoY), EBITDA ₹11326.30 Cr vs ₹10316.75 Cr (▲9.79% YoY), PAT ₹3233.48 Cr vs ₹2147.96 Cr (▲50.54% YoY). EBITDA Margin 10.22% vs 10.07% (▲15bps). The Board recommended a final dividend of ₹2.35 per equity share for FY26. Auditors noted non-compliance with board composition requirements and raised concerns regarding accounting for contingent liabilities and advances, suggesting a potential impact on reported financials, including a possible decrease in current assets, an increase in loss, and a reduction in equity.

Financials Neutral

2026-05-15 20:00

CRITICAL RED FLAG DETECTED

Standalone Revenue ₹30,813.45 Cr vs ₹29,316.08 Cr (▲5.1% YoY), EBITDA ₹4,076.22 Cr vs ₹3,451.29 Cr (▲18.1% YoY), PAT ₹1,679.51 Cr vs ₹1,177.96 Cr (▲42.6% YoY). EBITDA Margin 13.2% vs 11.8% (▲146bps). The Board also recommended a Final Dividend of Rs. 2.35/- per equity share for FY 2025-26.

Business Update Neutral

2026-05-12 13:00

SAIL has scheduled an Analyst and Institutional Investor Meet (Group Meet) for May 16, 2026, at 11:00 AM, via conference call. The meeting will discuss the financial results for the quarter ended March 31, 2026. Further details are available on the company's website.

Governance Positive

2026-05-09 20:36

Dr. Ashok Kumar Panda, previously Director (Finance), has been appointed as the Chairman & Managing Director (CMD) of Steel Authority of India Limited, effective May 9, 2026, following a Government of India order dated May 8, 2026. Dr. Panda's vision for his tenure includes strengthening SAIL's position as a top steel producer, focusing on value creation through capacity expansion, improved operational efficiencies, cost control, and enhanced financial performance.

Governance Neutral

2026-04-21 16:34

Three Non-Official Independent Directors, Dr. Gopal Singh Bhati, Dr. Anju Bajpai, and Shri Manjeet Kumar Razdan, ceased to be members on SAIL's Board on April 20, 2026, upon completion of their one-year tenure.

Governance Neutral

2026-04-21 16:34

Dr. Gopal Singh Bhati, Dr. Anju Bajpai, and Shri Manjeet Kumar Razdan, Non-Official Independent Directors of SAIL, ceased to be members of the Board on April 20, 2026, upon completion of their one-year tenure which began on April 21, 2025.

Governance Neutral

2026-04-21 16:33

SAIL informed that Dr. Gopal Singh Bhati, Dr. Anju Bajpai, and Shri Manjeet Kumar Razdan ceased to be Non-Official Independent Directors on the Board effective April 20, 2026, upon completion of their one-year tenure.

Governance Negative

2026-04-02 12:34

CRITICAL RED FLAG DETECTED

Shri Amarendu Prakash resigned as Chairman and Managing Director of SAIL, effective April 1, 2026. Shri Krishna Kumar Singh, Director (Personnel), has been given additional charge as CMD for three months from April 2, 2026, or until a regular incumbent is appointed.

Governance Negative

2026-04-02 12:31

CRITICAL RED FLAG DETECTED

Shri Amarendu Prakash resigned as SAIL's Chairman and Managing Director, effective April 1, 2026. Shri Krishna Kumar Singh, Director (Personnel), will hold additional charge as CMD for three months from April 2, 2026, or until a regular incumbent is appointed.

Routine Neutral

2026-03-27 17:04

SAIL announced the closure of its trading window from April 1, 2026, until 48 hours after the declaration of financial results for the quarter and year ended March 31, 2026, to prevent insider trading as per SEBI regulations.

Governance Positive

2026-03-19 18:04

Shri T.N.Natarajan has been appointed as Director (Commercial) on the SAIL Board, effective March 19, 2026. He brings over 32 years of diverse experience within SAIL, with a track record of contributing to market share and profitability.

Governance Neutral

2026-02-20 13:03

Steel Authority of India Ltd (SAIL) announced that Shri Manish Raj Gupta, Director (Technical, Projects and Raw Materials), has been redesignated as Director (Mining) by the Government of India, Ministry of Steel, effective 18th February, 2026.

Business Update Positive

2026-02-06 16:44

Transcript of Steel Authority of India Limited's Q3 FY26 Earnings Conference Call. For the nine-month period of FY26, revenue increased 9% to ₹79,997 Cr and PAT grew 60% YoY. The company reduced debt by ₹5,000 Cr and discussed expansion plans, expecting good margins for Q4.

SAIL

Steel Authority of India Limited

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