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SAIL Achieves Record Sales of 18.24 MT, Cash Collection Hits Rs 1.11 Lakh Crore

Steel Authority of India Limited (SAIL) reported its highest-ever sales performance, with total sales reaching 18.24 million tonnes in the first 11 months of FY'26, marking a 14% year-on-year growth. The company also achieved a record cash collection of Rs 1.11 lakh crore and successfully reduced its total borrowings by Rs 1000 crore. Strategically, SAIL reintroduced chequered plates to its product portfolio, now manufactured at the Bokaro Steel Plant, to meet specific market demands. Alongside financial discipline, the company emphasized operational safety through specialized fire and rescue training programs for workers.

Key Points: SAIL Reports Best-Ever Sales, 14% Growth in FY'26

  • Record sales of 18.24 MT
  • 14% year-on-year growth
  • Cash collection of Rs 1.11 lakh crore
  • Debt reduced by Rs 1000 crore
  • Chequered plates reintroduced
2 min read

Steel Authority of India reports "best ever" sales in FY'26; Records total sales of 18.24 MT registering 14% YoY growth

Steel Authority of India records highest sales of 18.24 MT, cash collection of Rs 1.11 lakh crore, and reduces debt by Rs 1000 crore in FY'26.

"We are ready to adapt and grow with the market... our record sales and cash collections are proof of the trust our customers place in us. - AK Panda"

New Delhi, March 11

Steel Authority of India Limited recorded its highest-ever sales performance during the first 11 months of the current fiscal year, bolstered by a 14 per cent year-on-year growth.

According to the Ministry of Steel, SAIL achieved total sales of 18.24 million tonnes (MT) between April 2025 and February 2026. Alongside this volume growth, the company expanded its product portfolio through the reintroduction of chequered plates to meet specific market demands.

The company reported a record cash collection of Rs 1.11 lakh crore during this period, marking a 10 per cent increase compared to the previous year. This financial performance followed improvements across retail sales, stockyard sales, and door deliveries.

In February 2026 alone, the steelmaker moved 1.58 MT of products. The company also focused on operational efficiency by reducing its inventory by 1.05 lakh tonnes compared to January 2026 and lowering its total borrowings by Rs 1000 crore.

Strategic production shifts accompanied these financial results. SAIL reintroduced chequered plates into its manufacturing line to cater to specific sectoral requirements. For the first time, these plates are being produced at the Bokaro Steel Plant located in Jharkhand. This move aligns with the company's efforts to diversify its offerings while maintaining its position as the largest public sector steel producer in the country.

AK Panda, Director (Finance) with additional charge of Director (Commercial) said, "We are ready to adapt and grow with the market. By managing inventory and working capital smartly, we are showing financial discipline that strengthens the company's foundation. At the same time, our record sales and cash collections are proof of the trust our customers place in us."

As part of its commitment to workplace safety, SAIL Rourkela Steel Plant conducted a two-day 'Daksh Rakshak' Fire & Rescue Training Programme for contract workers.

"The training focused on emergency response, rescue operations and safety preparedness in high-risk work environments, strengthening first-response capabilities and promoting a culture of safety across operations," the Ministry of Steel said on X.

- ANI

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Reader Comments

P
Priyanka N
Great to see operational efficiency improving with reduced inventory and borrowings. However, I hope this financial success translates into better infrastructure and facilities for the workers, especially the contract workers mentioned in the safety training. Their welfare is crucial.
R
Rahul R
Reintroducing chequered plates at Bokaro is a smart, market-focused move. It shows they're listening to customer needs. More PSUs should be this agile. The 'Daksh Rakshak' training is also very important - safety first always.
A
Aman W
Record sales are good, but what about the environmental cost? Steel plants are major polluters. I wish the article talked about their steps towards green steel. Growth should be sustainable.
S
Sarah B
As someone in the construction industry, consistent quality and supply from SAIL is a big relief. The door delivery initiative is a game-changer for smaller projects. Hope they keep this momentum.
K
Karthik V
Bhai, 18.24 MT is a huge number! This means more steel for our roads, bridges, and homes. Directly supports the government's infrastructure push. When PSUs do well, the nation benefits. 👏

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