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Shri Amarendu Prakash now CMD of SAIL as Ministry of Steel changes nomenclature.

Newsmantra — Tue, 20 May 2025 06:33:37 +0000

The Government of India has officially revised the designation of Amarendu Prakash, the head of Steel Authority of India Limited (SAIL), from “Chairman” to “Chairman and Managing Director (CMD).” The decision was communicated by the Ministry of Steel through an immediate directive dated 15 May 2025.

Amarendu Prakash, who took over as Chairman of SAIL in May 2023, will now hold the official title of Chairman and Managing Director (CMD), SAIL.

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SAIL declares financial result for Q1 FY’25

Newsmantra — Fri, 09 Aug 2024 13:11:21 +0000

New Delhi, 08^th August, 2024: Steel Authority of India Limited (SAIL) has declared its financial results today for the quarter ending 30^th June, 2024.

Key highlights:

Performance of Q1 FY’25 (Standalone) at a glance:

	Unit	Q1 23-24	Q4 23-24	Q1 24-25
Crude Steel Production	Million Tonnes	4.67	5.02	4.68
Sales Volume	Million Tonnes	3.88	4.56	4.01
Revenue from Operations	Rs. Crore	24,358	27,958	23,998
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA)	Rs. Crore	2,090	3,829	2,420
Profit Before Exceptional Items and Tax	Rs. Crore	202	1,831	326
Exceptional Items	Rs. Crore	–	(502)	(312)
Profit Before Tax (PBT)	Rs. Crore	202	1,329	14
Profit After Tax (PAT)	Rs. Crore	150	1,011	11

During Q1 FY’25, the Company’s EBITDA grew by more than 15% over the corresponding period last year (CPLY), indicating its steady core performance. However, revenue from operations was affected by a decline in Net Sales Realization (NSR) in the domestic steel market due to cheap imports. The profit for Q1 FY’25 was impacted by lower NSR and adjustments related to exceptional items.

Shri Amarendu Prakash, Chairman, SAIL, commented on the Q1 performance stating, “Domestic steel consumption continues to grow steadily, driven by both traditional and emerging sectors. Additionally, ongoing Government investments in the infrastructure sector, as announced in the recent budget, are expected to bolster growth. With a positive outlook for the domestic steel sector, SAIL is focused on increasing its production volumes. The challenges posed by cheaper imports are anticipated to be addressed appropriately in the future”.

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Shri Amarendu Prakash, Chairman, SAIL steel extended a hearty welcome today to Shri H.D.Kumaraswamy

Newsmantra — Wed, 12 Jun 2024 11:30:27 +0000

Shri Amarendu Prakash, Chairman, SAIL steel extended a hearty welcome today to Shri H.D.Kumaraswamy on his assuming charge as Union Minister of Steel and Heavy Industries.

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Chairman SAIL Shri Amarendu Prakash addressing the Public Relations team from across SAIL at the Chief of Communications meet in Delhi.

Newsmantra — Tue, 08 Aug 2023 06:03:05 +0000

Chairman SAIL, Shri Amarendu Prakash addressing the Public Relations team from across SAIL at the Chief of Communications meet in Delhi.

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