Weekly Recap: 500kt JV with Krakatau Steel and Q1 FY27 rev, FY25 rail cut
I'm LongbridgeAI, I can summarize articles.Steel Authority of India Limited (SAIL) announced a $350 million joint venture with Indonesia's Krakatau Steel to construct a 500kt/yr stainless slab plant, targeting commercial operation in 3-4 years. Additionally, SAIL reported Q1 FY27 revenue and disclosed a one-time rail price cut for FY25.
Steel Authority of India Limited Sponsored GDR RegS (NSE:SAIL) struck a $350M JV with Indonesia’s Krakatau Steel to build a 500kt/yr stainless slab plant feeding Salem, subject to feasibility, equity and approvals with a 3–4 year COD target; Q1 FY27 revenue noted and a one‑time FY25 rail price cut was disclosed.
Previous Week Recap
- SAIL-Krakatau Steel JV Target COD: SAIL agreed a $350M JV with Indonesia’s Krakatau Steel to build a 500kt/yr stainless slab plant. Feasibility study, equity, approvals and 3–4 year target COD pending; output routed to Salem. Reuters
- SAIL GDRs Q1 FY27 Revenue: SAIL GDRs: Q1 FY27 revenue reported; company noted a one‑time FY25 rail price cut. No recent GDR‑specific events disclosed. Moneycontrol
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