During the same period, SAIL also achieved the highest ever cash collection of Rs 1.11 lakh crore reflecting a 10% y-o-y growth.
File Photo: IANS
The Steel Authority of India Limited (SAIL) has clocked its historical sales in the Financial Year 2026 during the April to February period, recording a total sales of 18.24 million tonnes (MT), registering a 14% year-on-year (y-o-y) growth.
During the same period, SAIL also achieved the highest ever cash collection of Rs 1.11 lakh crore reflecting a 10% y-o-y growth.
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In February 2026, the company achieved total sales of 1.58 MT. The company reduced its inventory by 1.05 lakh tonnes compared to January 2026 and lowered its borrowings by Rs 1000 crore.
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On the results, 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.”
Sharing the results details, SAIL said it has reintroduced the production of chequered plates, catering to the demand from relevant sectors.
For the first time, chequered plates are being produced from SAIL’s Bokaro Steel Plant located in Jharkhand.
Notably, the brokerage firm ICICI Direct has turned bullish on SAIL citing favourable demand tailwinds, safeguard duty-driven steel prices, and the company’s focus on optimisation.
The brokerage has assigned a ‘Buy’ call on SAIL with a target price of Rs 200.
The target price implies a 33% upside from the previous close of Rs 150.15 on the National Stock Exchange (NSE).
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