Business EconomyPosted at: Mar 11 2026 3:53PM


SAIL clocks record sales in FY26 records sales of 18.24 MT

New Delhi, March 11 (UNI) The Steel Authority of India Limited (SAIL) has clocked its historical sales in the Financial Year 2026 during the April to February period, recording a total sales of 18.24 million tonnes (MT), registering a 14% year-on-year (y-o-y) growth.
During the same period, SAIL also achieved the highest-ever cash collection of Rs 1.11 lakh crore, reflecting a 10% y-o-y growth.
In February 2026, the company achieved total sales of 1.58 MT. The company reduced its inventory by 1.05 lakh tonnes compared to January 2026 and lowered its borrowings by Rs 1000 crore.
On the results, AK Panda, Director (Finance) with additional charge of Director (Commercial) said, “We are ready to adapt and grow with the market. By managing inventory and working capital smartly, we are showing financial discipline that strengthens the company’s foundation. At the same time, our record sales and cash collections are proof of the trust our customers place in us.”
Sharing the results details, SAIL said it has reintroduced the production of chequered plates, catering to the demand from the relevant sector.
For the first time, chequered plates are being produced from SAIL’s Bokaro Steel Plant located in Jharkhand.
Notably, the brokerage firm ICICI Direct has turned bullish on SAIL, citing favourable demand tailwinds, safeguard duty-driven steel prices, and the company's focus on optimisation. The brokerage has assigned a ‘Buy’ call on SAIL with a target price of Rs 200.
The target price implies a 33% upside from the previous close of Rs 150.15 on the National Stock Exchange (NSE).
UNI VK AAB
Please log in to get detailed story.
Tags: #SAIL clocks record sales in FY26 records sales of 18.24 MT
More News

HCCB Launches High-Speed Kinley Water Production Line at Avinya Facility in Telangana

14 Apr 2026 | 10:07 PM

Hyderabad, Apr 14 (UNI) Hindustan Coca-Cola Beverages Private Limited (HCCB) on Tuesday announced the commissioning of a first-of-its-kind high-speed Kinley water production line at its Avinya (Telangana Greenfield Factory) facility at Banda Thimmapur in siddipet district in Telangana.

see more..

Anand Mahindra urged to probe ‘Mini Pakistan’ in Tech Mahindra

14 Apr 2026 | 7:50 PM

Mumbai, Apr 14 (UNI) A screenshot of a message posted online by a lawyer named Ashutosh J Dubey, who claimed that he had received it from an anonymous Tech Mahindra employee has gone viral, after the message mentioned a “Mini Pakistan” like atmosphere allegedly prevailing at the company's Goregaon campus in Mumbai. .

see more..

HyFarm Partners with Sri BioAesthetics to Boost Potato Ecosystem

14 Apr 2026 | 7:27 PM

Hyderabad, Apr 14 (UNI) HyFarm, the agribusiness arm of HyFun Foods, on Tuesday said it has entered into a strategic partnership with Sri BioAesthetics Pvt. Ltd to enhance potato ecosystem health through microbiome-driven soil immunity.

see more..

SnapUp launches Bluetooth speaker ‘Groove Blast’ for affordable audio market in India

14 Apr 2026 | 7:17 PM

New Delhi, April 14 (UNI) SnapUp, an Indian consumer electronics brand, on Tuesday launched its latest Bluetooth speaker ‘Groove Blast’, aiming to strengthen its presence in the country’s rapidly expanding affordable audio segment, a company statement said here on Tuesday.

see more..

Piaggio Vehicles commissions its 1st Motoplex dealership in Vijayawada

14 Apr 2026 | 6:43 PM

Vijayawada, Apr 14 (UNI) Piaggio Vehicles Pvt Ltd, a 100 per cent subsidiary of the Italian auto giant Piaggio Group, renowned for its iconic Vespa and sporty Aprilia range of scooters and motorcycles, inaugurated its first Motoplex dealership in Vijayawada, Andhra Pradesh, today.

see more..