SAIL’s near-term growth is hinged on improving capacity utilisation, smaller capacity additions through debottlenecking, to be supported by efficiency improvement via digitalization
SAIL's reported consolidated Ebitda of Rs 34.89 billion for Q4 FY25, up 72% QoQ and flat YoY, 24% above our estimates, driven by better sales volumes and lower raw material costs. (Source: Company website)
SAIL’s ongoing capex is largely directed towards sustenance and debottlenecking projects as it concurrently progresses its future growth capex to take the capacity to 35 mt by 2031 from 20 mt currently.