---
title: "Weekly Recap: 500kt JV with Krakatau Steel and Q1 FY27 rev, FY25 rail cut"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294624023.md"
description: "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."
datetime: "2026-08-03T01:14:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294624023.md)
  - [en](https://longbridge.com/en/news/294624023.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294624023.md)
---

# Weekly Recap: 500kt JV with Krakatau Steel and Q1 FY27 rev, FY25 rail cut

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

**Disclaimer**

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.

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