The Steel Authority of India Limited (SAIL) held its 53rd Annual General Meeting (AGM) at Chinmaya Mission, New Delhi. Addressing shareholders through a virtual platform, Chairman and Managing Director (CMD) Amarendu Prakash underlined the company’s resilience in navigating global challenges and its strategic vision for sustainable growth.
In his opening remarks, Prakash likened the company’s journey to steel itself, “tested by fire, shaped by challenges, and strengthened by experience.” He reaffirmed SAIL’s pivotal role in India’s development trajectory and its contribution to the nation’s vision of Viksit Bharat by 2047.
Highlighting the company’s presence across key sectors such as infrastructure, railways, defence, and energy, the CMD said, “SAIL steel is at the heart of India’s growth story.” He emphasised that the company’s upcoming projects will be guided by the National Steel Policy 2017 and will embed green technologies, efficient logistics, and customer-centric solutions from the outset.
On sustainability, Prakash outlined SAIL’s initiatives in hydrogen-based steelmaking trials, carbon capture, utilisation and storage (CCUS), biochar injection, and renewable energy adoption. “Climate change is a defining challenge for our industry. The world is at the cusp of a green transition and SAIL is determined to be at the forefront of this change,” he said.
The CMD also unveiled two transformational programs PRAVARTANAM, aimed at digital transformation and SAIL DARPAN, focused on HR transformation. These initiatives, he said, would help build a resilient, self-sustaining ecosystem across SAIL’s plants and mines.
Concluding his address, Prakash assured shareholders of the company’s readiness to face the future. “SAIL is ready for tomorrow. I am confident that SAIL has the resilience, capability, and vision to emerge stronger and achieve greater heights,” he said.
