SAIL AGM highlights strong value added steel growth and nation-building deliveries

New Delhi: Steel Authority of India Limited (SAIL) held its 54th Annual General Meeting (AGM) today on 24.09.2026, in hybrid mode at CSOI, New Delhi. Addressing the shareholders, CMD Dr. A.K. Panda presented the Company’s performance for FY 2025–26 and outlined its strategic priorities for the years ahead. 

Dr. Panda noted that despite a challenging global steel environment marked by geopolitical uncertainties and market volatility, India continued to lead global steel demand growth, retaining its position as the world’s fastest growing major steel producer. He stated that, “SAIL demonstrated strong resilience and adaptability, achieving new benchmarks driven by technological upgrades, financial prudence, digitalisation, HR initiatives and sustainability efforts.”

CMD Dr. Panda said the company produced 10.7 million tonnes (MT) of value-added steel, accounting for 56% of total saleable steel, a 7% increase over FY 2024–25. SAIL also introduced 28 new products for infrastructure, automotive, energy and manufacturing sectors.

During the year, the company dispatched its first consignment of indigenously developed Vande Bharat wheels and supplied steel for five Indian Navy ships. Revenue crossed ₹1.09 lakh crore, rising 8% year-on-year, while borrowings fell by more than ₹5,000 crore. Profit before tax increased 44% and profit after tax rose 50.5%. The Board recommended a final dividend of ₹2.35 per share.

On sustainability, SAIL generated 5.61 million units of green power from its 4 MW floating solar plant at IISCO. A 20 MW floating solar plant is being developed at Bhilai, while 278.5 MW of additional solar projects are under consideration. SAIL plans to increase crude steel capacity to around 35 MTPA by FY 2030–31, supported by green technologies, digitalisation and greater production of specialised steels.