SAIL Chairman and Managing Director Ashok Kumar Panda said SAIL will continue hiring at lower levels for expansion and operational requirements. SAIL has also launched a voluntary retirement scheme aimed at reducing employee numbers by another 500 to 1,000, Panda said

The steelmaker plans capital expenditure of about Rs 15,000 crore in FY27, up from around Rs 9,100 crore in FY26, as it expands plants at IISCO, Bokaro and Bhilai.

Panda said annual capital expenditure could rise further to Rs 20,000 crore-Rs 25,000 crore over the following years as expansion projects gather pace. The company said it will continue focusing on operational efficiency, cost reduction and higher capacity utilisation while managing future borrowing requirements.

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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:

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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