crude steel production India - newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra https://newsmantra.in/tag/crude-steel-production-india/ Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra Thu, 19 Feb 2026 13:49:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.3 https://newsmantra.in/wp-content/uploads/2019/05/cropped-newmantra-logo-32x32.png crude steel production India - newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra https://newsmantra.in/tag/crude-steel-production-india/ 32 32 India’s Steel Consumption Doubles to 152 MT in a Decade, Capacity Set for Major Expansion https://newsmantra.in/india-steel-consumption-doubles-capacity-expansion-2030-2035/ Thu, 19 Feb 2026 13:49:10 +0000 https://newsmantra.in/?p=77498 NEW DELHI. India’s steel consumption has nearly doubled over the past decade, rising from 77 million tonnes in 2014-15 to 152 million tonnes in 2024-25, Secretary of the Ministry of Steel Sandeep Pondrik said at the Ministry’s pavilion during the India AI Impact Summit 2026 in New Delhi. Highlighting the sector’s...

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]]> NEW DELHI. India’s steel consumption has nearly doubled over the past decade, rising from 77 million tonnes in 2014-15 to 152 million tonnes in 2024-25, Secretary of the Ministry of Steel Sandeep Pondrik said at the Ministry’s pavilion during the India AI Impact Summit 2026 in New Delhi. Highlighting the sector’s rapid growth trajectory, he expressed confidence that the country’s crude steel capacity will expand to 300 million tonnes by 2030-31 and further to 400 million tonnes by 2035-36. The session brought together leading steel producers and iron ore miners to outline forward-looking roadmaps for collaboration with AI innovators, fostering dialogue on high-impact use cases and strategic partnerships to accelerate digital transformation. The AI in Steel Pavilion at the summit is showcasing key industry challenges and inviting AI solution providers to contribute towards positioning India as a global steel manufacturing hub. ( AIR)

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]]> SAIL declares financial results for 9M FY’26  https://newsmantra.in/sail-financial-results-9m-fy26/ Mon, 02 Feb 2026 12:09:59 +0000 https://newsmantra.in/?p=76674 The state owned Maharatna, Steel Authority of India Limited (SAIL) today announced its financial results for the nine months period ended 31st  December, 2025 (9M FY’26), showcasing resilient operational performance and improved profitability. Key highlights: ·        Crude steel production grew 2% from 14.08 to 14.35 million tonnes, showing stable operations of crude...

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]]> The state owned Maharatna, Steel Authority of India Limited (SAIL) today announced its financial results for the nine months period ended 31st  December, 2025 (9M FY’26), showcasing resilient operational performance and improved profitability.

Key highlights:

·        Crude steel production grew 2% from 14.08 to 14.35 million tonnes, showing stable operations of crude steel.

·        Sales Volume grows by 16.3% as the company increases outreach to retail and other consumers, inventory drawdown, or improved dispatch and market reach.

·        Revenue increased ~9–10% from ₹73,162 Cr to ₹79,997 Cr, broadly in line with volume growth.

·        Profit After Tax (PAT) soars by ~ 60%, highlighting operational efficiency, liquidation of inventory and cost optimization.

·        Reduction in Debt close to Rs. 5000 Crore during 9M FY’26.

Performance of 9M FY 26 (Standalone) at a glance:

Unit

9M 24-25

9M 25-26
Crude Steel Production Million Tonne

14.08

14.35
Sales Volume Million Tonne

12.56

14.61
Revenue from Operations Rs. Crore

73,162

79,997
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) Rs. Crore

7,983

8384
Profit Before Exceptional Items and Tax Rs. Crore

1,728

2,349
Exceptional Items Rs. Crore

(283)

(338)
Profit Before Tax (PBT) Rs. Crore

1,445

2,010
Profit After Tax (PAT) Rs. Crore

970

1,554

Speaking on this occasion, CMD, SAIL Shri Amarendu Prakash said:

We have delivered an improvement in profitability, with profit after tax rising 60% year‑on‑year for 9M FY’2025-26, driven by higher volumes, operating leverage and prudent financial management. The strong sales traction was supported by robust domestic demand and improved market penetration.

Despite volatility on the input cost front and competitive pricing environment, we sustained operating profitability, supported by higher volumes, product mix optimization, and continued cost discipline.

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