SAIL to prioritise special steels, customer engagement and cost cuts in FY'27

New Delhi: Maharatna Steel PSU Steel Authority of India Limited (SAIL) on Monday said it will prioritise increasing the share of value-added and special steel products, sharpen customer engagement and step up cost optimisation in 2026-27, while pursuing volume expansion plans.

The country's largest steel player said that it has outlined its strategic priorities for FY27, building on the strong momentum of FY26.

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"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," SAIL Chairman and Managing Director Ashok Kumar Panda said.

He said that the company's performance in FY26 reflects the combined effect of marketing initiatives, production improvements, efficiency gains and better financial strategies, which have strengthened both the top line and bottom line.

The company's financial health is sound, and with strong group synergy, the company is well-positioned to achieve its FY27 target, he said.

Notwithstanding several challenges arising out of emerging global volatility, SAIL delivered a robust EBITDA growth of 11.75 per cent in FY26 compared to last year.

The company's Profit After Tax (PAT) and pre-tax profit surged by 50 per cent and 44 per cent, respectively, during FY26, while its debt reduced by Rs 8,148 crore year-on-year.

In the last financial year, SAIL undertook a series of initiatives that enhanced its competitiveness and resilience. These included expanding retail networks, customer outreach & delivery innovations, export and market diversification, modernising warehouses, diversifying product offerings, improving techno-economic parameters and brand promotions, among others.

Focusing on becoming a more sustainable steelmaker and committing to the environmental goals, the company also achieved best-ever techno-economic parameters in areas such as coke rate, fuel rate, blast furnace productivity and specific energy consumption, reflecting continuous operational excellence.

In addition, 28 new products were developed, enlarging SAIL's product basket and reinforcing its ability to serve diverse customer segments.

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Together, these measures reinforced the company's market position and laid the foundation for sustained growth.

Looking ahead, SAIL remains committed to the path of sustainable steelmaking, adopting more environment-friendly technologies and achieving growth in profitability, the Maharatna public sector steel maker said.

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