Steel Authority Of India

SAIL and Indonesia-based PT Krakatau Steel, which have signed an MoU to set up a joint venture, are exploring a stainless steel project with a capacity of 500,000 tonnes to 1 million tonnes under the proposed JV, a source with direct knowledge of the plans said. Earlier this week, the steel PSU and the Indonesian entity signed a memorandum of understanding to explore a joint venture to manufacture stainless steel slabs to meet the commodity's increasing demand in India. "SAIL and PT Krakatau Steel would explore setting up a stainless steel project. It can be of 0.5 million tonnes (MT) capacity, or it can also be of 1 MT. But that will be discussed after the formation of a joint venture," the source said. If the JV is formed, the slabs will be produced in Indonesia and supplied to SAIL's Salem Steel Plant (SSP) in Andhra Pradesh, which specialises in the production of austenitic, ferritic, martensitic and low-nickel stainless steels, catering to diverse sectors including nuclear, ...

SAIL warns higher royalties and mining levies could raise iron ore costs, adding pressure on India's expanding steel industry amid decarbonisation challenges

The state-run steelmaker supplied 5,700 tonnes of specialised DMR-grade steel for INS Dunagiri, INS Agray and INS Sanshodhak, reinforcing India's defence manufacturing capabilities

Aluminium remains is UBS' preferred sub-sector, that offers a mix of earnings growth (cyclical tailwinds), valuation support, and potential to deleverage.

In the past six trading days, the Nifty Metal index has underperformed the market by falling 6 per cent, as compared to 0.4 per cent decline in the Nifty 50.

Government review finds BHEL and SAIL falling short of the profitability threshold required for Maharatna status despite meeting turnover and net worth norms

SAIL plans to spend over Rs 35,000 crore over the next two years on capacity expansion projects at its IISCO, Bokaro and Bhilai steel plants

SAIL share price today: SAIL said the company delivered a strong performance across all key metrics in FY 2025-26 (FY26), underscoring the robustness and resilience of its core business operations.

Q4FY26 company results: Firms including Power Grid Corporation, Alembic Pharmaceuticals, Solar Industries India, Deepak Nitrite, and NHPC are also to release their January-March earnings today

The average trading volumes at the counter jumped nearly three-fold with a combined 79.6 million shares changing hands on the NSE and BSE till 11:40 AM.

Ashok Kumar Panda has assumed charge as chairman and managing director of SAIL, with a focus on expansion, raw material security and value-added steel

Analysts believe SAIL is expected to deliver improved performance ahead, driven by safeguard duty-led steel price hikes, favourable demand tailwinds, and a focus on cost optimization.

Most brokerages expect a healthy improvement in earnings for the ferrous sector, with Ebitda growth likely on both a year-on-year (Y-o-Y) and quarter-on-quarter (Q-o-Q) basis

Rourkela Steel Plant achieves record output across key units and improves efficiency metrics, driven by higher capacity utilisation and operational stability in FY26

Under the relaxation of the rules, India's largest state-run power equipment maker Bharat Heavy Electricals can procure 21 types of critical equipment from China

In the ferrous space, analysts at ICICI Securities don't foresee any major impact due to ongoing geopolitical tensions as exports share of total steel production is pegged at <6 per cent.

SAIL share price target: ICICI Direct said that SAIL trades at a lucrative valuation vs peers with a healthy balance sheet. The brokerage has assigned 'Buy' call for a target of ₹200

The policy support, safeguard measures, and the likelihood of regulatory adjustments are improving industry visibility, say analysts.

Steel companies are expected to deliver a robust 8-10% volume CAGR over FY25-28E, driven by strong domestic demand and capex, with safeguard duties supporting profitability, believe analysts.

Traditionally, Q4 is seasonally strong for volume push, and thus, analysts expect most steel companies to foresee very sharp reversal in margins in Q4FY26.