SAIL · price
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Steel Authority of India Limited (SAIL), a Maharatna CPSE, filed its BRSR for FY 2024-25. The company reported a turnover of Rs 1,01,716 crore and net worth of Rs 55,656 crore, with 100% of revenue from iron and steel manufacturing. SAIL operates 5 integrated steel plants, 3 special steel plants, and multiple mines with a total workforce of about 1.27 lakh (53,159 permanent employees and 73,819 contract workers). The report identified key material ESG issues including water use, waste management, greenhouse gas emissions, occupational health & safety, human rights, and cybersecurity. SAIL set targets to reduce CO2 emissions to below 2.302 T/tcs by 2030, achieve net-zero by 2070, and expand renewable energy capacity to 384 MW by FY 2028-29. The company reused over 1.41 million tonnes of scrap in production and increased recycled input materials to 9% from 6% last year. Capital expenditure for environmental and social improvements rose to Rs 108 crore (1.84% of total capex of Rs 5,879 crore).
This is a mandatory ESG disclosure and does not directly impact stock price, but it showcases SAIL's commitment to sustainability targets and net-zero ambitions. The improvements in scrap reuse, increased dealer sales share (15.91% vs 12.98%), and higher community grievance resolution demonstrate operational progress. Investors should note the rise in accounts payable days to 93.54 (from 80.32) and zero women on the board as on March 31, 2025.