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Country’s largest steel player SAIL (Steel Authority of India), which has a debt of nearly ₹27,000 crore, has managed to bring down its debt by around ₹750 crore last year and is planning to reduce it further, a senior company official said.
“Today, the debt is around ₹26,800 crore… and we’re planning to reduce it further in this financial year. Last year also we reduced by around ₹750 crore… And now we are planning to reduce month-on-month,” SAIL’s Director (Finance) Ashok Kumar Panda said during Q4 & FY25 Conference Call.
Going forward, when the capex will increase, the company will have two-pronged approach, he said.
“First, we’ll try to increase our profitability. So from internal accruals, we’ll be able to compensate a part of the requirement. And the rest, we will line up other instruments available for getting the fund… Our debt-to-equity ratio is good enough to take care of these two aspects going forward,” he explained.
SAIL has planned a capex outlay of ₹7,500 crore for 2025-26.
The Public sector enterprise is aiming to scale up its overall installed capacity to 35 million tonnes per annum (mtpa) by 2030, from the current around 20 mtpa.
“We have got an expansion plan. Right now, we are at around 20 million tonnes of capacity, and we want to go towards 35 million tonnes of capacity by 2030. So these are focused on various units to start with… We started doing the tendering activities in ISP, IISCO Steel Plant, followed by other plants. Other plants — it will follow in other plants as well. ,” Panda said.
He added that SAIL is planning to increase the capex, and “in stages, we’ll be taking approvals. Approvals are coming from SAIL board.”
SAIL had reported over 11 per cent growth in consolidated net profit to ₹1,250.98 crore in March quarter, driven by revenues. It had posted a net profit of ₹1,125.68 crore in the January-March period of the preceding 2023-24 financial year.
SAIL increased its revenue from operations to ₹29,316.14 crore in the fourth quarter of FY25, from ₹27,958.52 crore in the same period a year ago.
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Published on June 5, 2025
This article first appeared on The Hindu Business Line
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