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.

The post SAIL declares financial results for 9M FY’26  appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

The post SAIL declared the Winner at the AIMA HR Best Practices Case Study Contest 2025 appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

SAIL, with an annual crude steel capacity of over 20 million tonnes, aims to utilize this Dubai office to expand its global presence and explore regional business prospects, aligning with India’s broader goal of reaching 300 million tonnes of steel production by 2030. The strategic location and supportive business environment of Dubai will facilitate increased exports and collaborations, fostering further growth in the steel sector and reinforcing bilateral relations between India and the UAE. The establishment of the Dubai office is seen as a significant milestone in India’s efforts to enhance its international steel footprint and capitalize on the economic opportunities in the Middle East and North Africa.

The post Union Minister HD Kumaraswamy inaugurates Steel Authority of India Representative office in Dubai appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

The plan will see RSP attempting to cut the workforce strength and reduce it 5,000 to 6,000 employees. The plant currently employs 11,800 people, including around 9,350 non-executives, 1,700 executive.and 780 mine employees.About 12,000 people work on contract.

SAIL has about 53,575 regular employees and 61,000 contract workers company-wide.

The India Energy Week has provided an exciting opportunity for us to engage in dialogues aimed at advancing India’s green energy financing during the  IEW2025, Sh. Saurabh Rastogi, ED (Renewables), REC Ltd., along with industry collaborators including Sh. Shantanu Shrivastava, Research Lead, Sustainable Finance & Climate Risk, Institute for Analysis, Smt. Charu Kaistha, CGM, PFC Ltd., Sh. Arun Mahesh Babu, IAS, MD, GPCL, Sh. Gagan Siddhu, Director, CEEW, and Sh. Sudhir Kumar Singh, Technical Officer to Secretary Energy, UPCL, participated in an engaging panel discussion on Green Financing: Driving Investments for a Sustainable Tomorrow.

Sh. Rastogi delivered insights into India’s current renewable energy landscape.

He underscored the Government of India’s strategic efforts to accelerate the growth of renewable energy in the country.

Additionally, Sh. Rastogi emphasized the urgent need for a significant and rapid increase in green financing. He also outlined REC’s strategic roadmap for expanding its green loan portfolio in the coming years.

The post SAIL to reduce its workforce to between 5,000 and 6,000 employees; HR Katha  appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

The 18th Global Communication Conclave, with the theme “Re Connect,” organized by the Public Relations Council of India (PRCI), concluded successfully at the scenic city of Mangalore.(8-10th Nov) The conclave was marked by the prestigious presentation of the Chanakya and Collateral Awards, In addition to the awards, the event witnessed the release of three prominent magazines: Chanakya, Kautilya, and Aadhvika. The ceremony was graced by the esteemed presence of Shri Shripad Yesso Naik, the Hon’ble Minister of State for Power and New & Renewable Energy. Ms Sweezal Furtado, Miss Global India 2024 added a touch of glamour to the event with her elegance and poise. A few of us, embracing the spirit of “Reconnect,” seized the opportunity to connect not only with each other but with something deeper—our spiritual selves. We ventured to the sacred temples of Udupi and Mookambika. The divine presence in these revered places seemed to echo the theme of the conclave, reminding us tha

The post Steel Authority of India Limited’s stall at India International Trade Fair 2024 appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

The hospital has seven operation theatres and 80 critical care beds, Apollo said in a statement. ““The Western Odisha region is a large, underserved area which requires multi-specialty services. Working with the government, we will be able to bring a qualitative difference to the healthcare services in the region. We believe, public-private partnerships are powerful drivers of community-focused solutions including healthcare,” said MD Suneeta Reddy.

The post Apollo partners SAIL to open multi-specialty hospital in Rourkela appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.