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PESB Recommends Dr. Ashok Kumar Panda for CMD of SAIL

Newsmantra — Mon, 30 Mar 2026 06:19:42 +0000

NEW DELHI. The Public Enterprises Selection Board (PESB) has recommended Dr. Ashok Kumar Panda for the position of Chairman and Managing Director of Steel Authority of India Limited (SAIL). Currently, he serves as the Director (Finance) of SAIL.Several candidates appeared for interviews, including Shri Manish Raj Gupta, Shri Alok Verma, Shri Bipin Kumar Giri, and others from various government and steel organizations, for the top leadership role at SAIL.

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RINL Mourns Demise of Former CMD Shri J. Mehra

Newsmantra — Thu, 26 Feb 2026 06:54:38 +0000

VIZAG .Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant, paid heartfelt tributes to its former Chairman and Managing Director, Shri J. Mehra, who passed away on February 25, 2026, in Delhi.

CMD, Directors, CVO, and senior officials expressed deep sorrow and extended condolences to his family. Shri Mehra joined RINL as Director (Operations) in January 1992 and assumed charge as CMD on June 1, 1993. His leadership was instrumental in strengthening the organisation’s operational stability and guiding it towards sustained growth.

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SAIL declares financial results for 9M FY’26

Newsmantra — Mon, 02 Feb 2026 12:09:59 +0000

The state owned Maharatna, Steel Authority of India Limited (SAIL) today announced its financial results for the nine months period ended 31^st 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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