SAIL posts record H1 FY27 performance

Steel Authority of India Limited (SAIL) has delivered a remarkable performance in the first half of FY27 (April-September 2026) and in September 2026, achieving several best-ever milestones across production, sales and efficiency parameters. The Company’s focus on operational excellence, high-end steel output and financial discipline has resulted in sustained growth and improved competitiveness.

For the cumulative period of April-September 2026 (H1 FY27), SAIL recorded its best-ever production in hot metal, crude steel and finished steel at 10.2 million tonnes (MT), 9.6 MT and 8.39 MT, registering 2 per cent, 1 per cent and 1 per centgrowth, respectively, over the same period last year.

 The percentage of finished steel production in total saleable steel production improved to 89.2 per cent, up from 86.8 per cent in April-September 2025. Focusing on high NSR products, SAIL achieved its best-ever April-September high-end steel production of around 2 MT, reflecting 30 per cent growth over CPLY. Both iron ore production and iron ore sales also recorded their best-ever April–September performance, with iron ore production growing 13 per cent over CPLY and iron ore sales rising sharply to 2.671 MT, a 190 per cent increase. During the period, the dispatches to Indian Railways for Long rails and Wheels & Axles grew by 7 per cent and 3 per cent respectively over CPLY.

On the techno-economic front, specific energy consumption improved to 6.17 G.Cal/tcs, marking the best-ever H1 performance with a 0.5 per cent gain. In H1 FY27, the Company achieved inventory reduction of about 0.145 MT and borrowing reduction of approximately `1,080 crore during the period.

In September 2026, concerted marketing focus and efficiency enhancements yielded strong results, with SAIL achieving its best-ever September saleable steel sales of 1.69 MT, a 4 per cent growth over CPLY.

 The Company’s exclusive retail branded product, SAIL SeQR TMT bars, recorded its highest sales of more than 1.5 lakh tonnes, while Tier-II retail sales grew 3 per cent y-o-y. The month also recorded best ever September sales for specific products like – Structurals, Plate Mill plates and GP sheets/coils. The percentage of finished steel production in total saleable steel production improved to 92 per cent, compared to 89 per cent  in September 2025. The fuel rate improved to 551 kg/thm, the best-ever September performance with a 1 per cent improvement. 
Similar to the cumulative April–September trend, both iron ore production and iron ore sales registered their best-ever September performance. Iron ore production was up 8 per cent compared to September 2025, while iron ore sales surged to 0.492 MT, marking a record September with 134 per cent growth over September 2025. 

The Company also achieved inventory reduction of about 0.192 MT and borrowing reduction of approximately 208 crore during the month. SAIL’s September and H1 FY26–27 results underscore its commitment to efficiency, innovation, and financial prudence, positioning the Company strongly for the remainder of the fiscal year. 

Commenting on the performance, Dr. A.K. Panda, Chairman and Managing Director, SAIL, said, “These record achievements in the first half of FY26–27 & September reflect the collective commitment of our workforce towards efficiency, innovation, and sustainable growth. SAIL’s broad-based production strength and a sharper focus on high-end steel, SAIL is well positioned to contribute even more strongly to India’s industrial progress in the months ahead.”