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SAIL reduces total debt by $87 million in FY 2024-25.
Emphasis on financial prudence and operational effectiveness.
Enhanced cash flows and cost rationalization supported debt reduction.
Steel Authority of India Limited (SAIL), the largest state-owned steel maker in the country, has been able to reduce its overall debt by $87 million during the financial year 2024-25, as per recent reports.
This decrease is part of SAIL's strategic emphasis on its balance sheet strengthening, cash flow enhancement, and cost efficiencies at its steel plants. The action is also to position the company in a better position for future capacity expansions and upgradation projects.
SAIL's financial discipline is evident in its efforts consistently made to maximise working capital, control input costs, and ride strong market demand. Better realisations on value-added steel products, combined with cost-cutting efforts and better operational efficiencies, contributed substantially towards this debt reduction.
Industry experts indicate this is a welcome trend for India's public sector steel producers, who have been working to turn around financial health amid volatility in world steel markets and raw material prices.
The management of SAIL reiterated its focus on cutting debt further in the next quarters to ensure sustainable growth and financial strength.
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