Intentar ORO - Gratis
Sail's ambitious capacity push faces a risk of oversupply
Mint Mumbai
|August 29, 2025
Tempering expectations
Steel Authority of India Ltd (Sail) shares are down 11% over the past year, despite efforts to amplify capacity.
In its FY25 annual report this week, Sail reiterated its production capacity target of 35mtpa (million tonnes per annum) by FY31 from 20mtpa currently. That entails a total investment of ₹1 trillion. Peak spending of ₹10,000-15,000 crore is expected in FY28-FY29. But a risk of domestic oversupply looms, as competitors add capacity.
The start to FY26 was unexciting as Sail trimmed the year's sales volume guidance to 18.5mt (excluding NMDC Steel) from 19.2mt. This is just 3% higher than FY25's 17.9mt.
Esta historia es de la edición August 29, 2025 de Mint Mumbai.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Mint Mumbai
Mint Mumbai
From paper trails to portals: Guide to online MF transfers
CAMS and KFin Tech’s fully online facility allows investors to transfer MF units to anyone
4 mins
November 12, 2025
Mint Mumbai
Gig workers face hard reset after best-ever festive season
After record seasonal hiring during the festival period, gig workers stare an unusually lean period thisnew year.
3 mins
November 12, 2025
Mint Mumbai
Equities lose shine
With uncertainty lingering over the global economic environment, October saw the participation of investors in equity mutual funds slump.
1 min
November 12, 2025
Mint Mumbai
Tata Trusts board inducts Noel Tata's son Neville, Bhaskar Bhat
Tata Trusts on Tuesday inducted Neville Tata, son of Noel Tata, and Bhaskar Bhat, former Titan Co.Ltd chief executive, on the board of Sir Dorabji Tata Trusts (SDTT).
3 mins
November 12, 2025
Mint Mumbai
INDIA’S PUBLIC BANKS: THE 500% MARKET MYSTERY
India’s public sector lenders look poised for another phase of wealth creation
9 mins
November 12, 2025
Mint Mumbai
Milei's reforms have put Argentina on a path to success
Heading into Argentina’s legislative elections this month, commentary about [its] economic and financial prospects was growing increasingly pessimistic.
3 mins
November 12, 2025
Mint Mumbai
CHASING GAINS, MISSING OPPORTUNITIES: THE PSYCHOLOGY OF MARKET VOLATILITY
The Indian market in 2025 has had three chapters. It began with sharp volatility from valuation corrections and geopolitical uncertainty, then saw a recovery-led rally driven by strong financials, large-cap gains, and modest FII inflows over four months. Volatility has returned amid tariff worries and FII outflows. While unpredictable and unsettling, market swings are natural, especially in emerging markets like India. Recognising the psychological traps of volatility can help investors stay informed and maintain course.
2 mins
November 12, 2025
Mint Mumbai
India tells UNSC it has suffered from cross-border terrorism
India has suffered from cross-border terrorism carried out using illicit weapons trafficked across its borders, New Delhi's envoy at the United Nations (UN) has said, in a thinly-veiled reference to Pakistan.
1 min
November 12, 2025
Mint Mumbai
Kae Capital’s maiden fund delivers 5x returns
Kae Capital’s $25 million maiden fund has delivered over a 5x multiple on invested capital across its India and overseas vehicles, following a series of recent secondary transactions in two of its earliest bets—Porter and HealthKart.
1 min
November 12, 2025
Mint Mumbai
Plan to get urban co-op banks SRO status: NUCFDC
The National Urban Cooperative Finance and Development Corporation (NUCFDC) plans to seek Self-Regulatory Organisation (SRO) status for cooperative banks from the Reserve Bank of India in the next two months, as it is near the ₹300 crore paid-up capital threshold, said a top NUCFDC official in an interview.
1 min
November 12, 2025
Listen
Translate
Change font size