SAIL's new growth phase to focus on green steel, digital, HR transformation

State-owned PSU SAIL has announced that it is embarking on a new growth phase, in line with the government's 'Viksit Bharat 2047' target. SAIL has said it'll focus on 3 key aspects: green steel, digital, and HR transformation.

SAIL Chairman & MD Amarendu Prakash said that SAIL stands tall both as a witness as well as a partner in India’s development journey towards 'Viksit Bharat by 2047'.

He reiterated SAIL’s role in nation-building while delivering steel for diverse sectors, including infrastructure, railways, defence, and energy, among others. “SAIL steel is at the heart of India’s growth story,” he said.

He said that, as per the National Steel Policy 2017, the company has initiated the next phase of its journey, where the upcoming projects will integrate green technologies, efficient logistics, and customer-centric solutions from the very start. 

Prakash said SAIL is advancing its green steel journey through hydrogen-based steelmaking trials, carbon capture, utilisation and storage(CCUS), biochar injection and renewable energy initiatives. 

To build a future-ready organisation, the company is running two programmes: PRAVARTANAM for digital transformation and SAIL DARPAN for HR transformation. They are aimed at creating a resilient, self-sustaining ecosystem across the company’s plants and mines.

SAIL recorded the development of 23 new steel products during FY 2024-25, including HSFQ 550 (High Strength Formable Steel) for automotive components, and HT (High Tensile) LPG grade IS 15914 HS 345, API PSL2 X46-X60 for Oil & Gas Pipeline, among others.

As of FY25, SAIL’s net worth rose to ₹55,656 crore, while the debt-equity ratio improved to 0.66:1, reflecting a strong and stable balance sheet. For FY 2024-25, the company surpassed a turnover of ₹1 lakh crore for the fourth consecutive year.

With a sales turnover of ₹1.02 lakh crore during FY’25, EBITDA remained at ₹11,764 crore, with cost management, working capital discipline, and value-added product sales cushioning the bottom line. Its board recommended a final dividend of ₹1.60 per share for FY 2024–25.

Shares of SAIL closed 0.083% up at ₹132.90 on the BSE on Tuesday.