NMDC produced 10.21mt, says Ministry
Steel Authority of India Limited (SAIL) produced 9.5 million tonnes of crude steel during the half year ended 30 Sept 2025 (H1 FY’26), calling it a resilient operational performance and improved profitability. It produced 9.46 million tonnes in H1 24-25.
Sales Volume grows by 16.7% as the company increases outreach to retail and other consumers, the Steel Ministry said on 30 Oct. Total H1 2025-26 sales was 9.46 million tonnes, up from 8.11 million tonnes for the same H1 a year ago.
Revenue from operations crosses Rs.52,600 crore driven by higher sales volume despite challenges on the pricing front. It was Rs.48,672 crore.
Profit after Tax (PAT) soars by ~32%, highlighting operational efficiency and cost optimization, totalling Rs.1,112 crore compared to Rs.844 crore in H1 2024-25.
Debt falls to Rs.26,427 crore as thrust to move towards March ’23 level in full harness.
The Ministry said on 30 Oct, H1 FY’26 performance demonstrates SAIL’s consistency across both operational and financial metrics. The Company has maintained high-capacity utilisation for a steady production.
“With steely resolve and collective team efforts, we have achieved significant increase in sales volume despite the volatility in global steel markets. Coupled with the drive towards efficiency improvement and cost rationalisation, this translated into robust financial performance.”
As India moves towards becoming a low-carbon economy, SAIL remains committed to contribute to this transition while ensuring sustainable profitability through product diversification, customer-centric strategies, digitalisation and envisaged expansion to supplement the ongoing efforts, the Ministry added.
Amid strong domestic steel demand and resilient mining operations, NMDC Limited, formerly National Mineral Development Corporation, delivered its best-ever second quarter in FY26. The company recorded all-time high production and sales volumes, along with steady growth across key financial parameters, the Ministry said.
In Q2 FY26, production stood at 10.21 million tonnes, up 23% from the same period last year, and sales reached 10.72 million tonnes, an increase of 10% over Q2 FY25.
NMDC’s operational momentum translated into robust financial results for the quarter. Turnover surged 30% to Rs.6,261 crore; PBT rose 35% to Rs.2,271 crore, and PAT grew 33% to Rs.1,694 crore. EBITDA also climbed 32% to Rs.2,385 crore.
Commenting on the results, NMDC Chairman and MD Amitava Mukherjee said, “Record production, record sales, and strong financial growth this quarter are all indicators of our historic reliability. High-quality ore supply, ambitious expansion plans, and responsiveness to national policy goals continue to make NMDC a key enabler of India’s industrial aspirations.
“Going forward, our strategic efforts are guided by the responsibility to achieve self-sufficiency in steelmaking raw materials while also reaching net-zero emissions.” Fiinews.com
