India’s largest public sector steel producer, Steel Authority of India Limited (SAIL), has reported its highest-ever sales performance for the April–February period of FY2025–26, according to information released by the Press Information Bureau.
During the 11-month period from April 2025 to February 2026, the Maharatna steel giant recorded total sales of 18.24 million tonnes (MT), reflecting a 14% growth compared with the same period last year. The strong performance highlights the company’s expanding market presence and improved operational efficiency.
Record Cash Collection and Strong Sales Channels
Along with record sales volumes, Steel Authority of India Limited also achieved its highest-ever cash collection of ₹1.11 lakh crore during the same period, registering a 10% year-on-year increase.
The growth was supported by significant improvements across multiple sales channels, including:
Retail sales
Stockyard sales
Door-delivery services
Officials said the improvements reflect the company’s customer-centric marketing and distribution strategy, which has strengthened demand across sectors.
Key Performance Highlights in February 2026
For February 2026, SAIL reported several operational milestones:
Total sales: 1.58 million tonnes
Inventory reduction: 1.05 lakh tonnes compared with January 2026
Debt reduction: Borrowings reduced by ₹1,000 crore
The company said tighter inventory control and disciplined working capital management helped strengthen its financial position.
Production of Chequered Plates Resumes
In response to specific market demand, Steel Authority of India Limited has restarted the production of chequered plates, a specialised steel product widely used in industrial flooring, infrastructure, and transport sectors.
Notably, the product is being manufactured for the first time at the Bokaro Steel Plant, one of SAIL’s major production facilities in Jharkhand.
Management Commentary
Commenting on the company’s performance, Dr. A. K. Panda, Director (Finance) and currently holding the additional charge of Director (Commercial), said the company remains focused on aligning with market dynamics.
He noted that efficient management of inventory and working capital demonstrates SAIL’s financial discipline, while the record sales and cash collections highlight the strong trust customers place in the company’s products and services.
