ALFA Finder
| Market Cap | ₹75,873.62 CrLarge Cap |
|---|---|
| Revenue TTM | ₹1,11,134.75 CrOperating |
| Net Profit Growth | 120.8%Qtr YoY |
| RSI | 53.37Neutral Zone |
| Order from | Bharat Coking Coal Limited |
Key highlights
- MoU signed on September 25, 2026, for joint development and operation of coal assets
- Partnership covers SAIL's Indikatta Ramnagore Coal Block in West Bengal
- Includes BCCL's East of Damagoria (Kalyaneshwari) Coal Block in West Bengal
- Aims to significantly boost domestic sources of coking coal for steel production
- SAIL reported 120.8% YoY growth in net profit for the latest quarter
What Is the Partnership?
Steel Authority of India Limited (SAIL) has entered into a Memorandum of Understanding (MoU) with Bharat Coking Coal Limited (BCCL) to co-develop and operate coal assets in West Bengal. The agreement covers the Indikatta Ramnagore Coal Block, owned by SAIL, and the East of Damagoria (Kalyaneshwari) Coal Block, belonging to BCCL. This collaborative effort focuses on pooling resources and expertise to streamline the extraction and supply of coking coal.
While the specific financial investment and revenue-sharing ratios remain undisclosed, the move is designed to create a more resilient domestic supply chain for critical raw materials.
Partner Profile
- BCCL is a key subsidiary of Coal India Limited, primarily operating in the Dhanbad region.
- The company is a major producer of prime coking coal, vital for integrated steel plants.
- It manages extensive coal mining operations across the Jharia and Raniganj coalfields.
- BCCL provides essential raw material support to public sector undertakings and private steel majors.
What It Unlocks
The joint operation of these coal blocks addresses a critical dependency for SAIL, which traditionally relies on high-quality coking coal for its blast furnaces. By securing domestic supply from West Bengal, the company aims to reduce its exposure to volatile international coal prices and logistics costs associated with imports. The integration of these two specific blocks allows for optimized mining infrastructure and shared logistical networks, potentially improving the yield from the East of Damagoria and Indikatta Ramnagore sites.
This strategic alignment supports the broader national objective of achieving self-reliance in steel production raw materials.
Financial Context
- SAIL reported a consolidated TTM revenue of ₹1,11,134.75 crore as of June 2026.
- The company's net profit for the latest quarter saw a YoY growth of 120.8%, reaching ₹1,644.05 crore.
- Its market capitalization currently stands at approximately ₹75,873.62 crore.
- The stock maintains a Durability Score of 80, indicating a strong financial health profile.
Industry Landscape
The Indian steel industry is currently undergoing significant expansion, driven by infrastructure projects and urban development. However, the sector remains highly sensitive to the availability of coking coal, with a large portion of requirements met through imports from Australia and Russia. Government-led initiatives are increasingly pushing for the development of indigenous coal blocks to stabilize production costs.
This partnership between SAIL and BCCL reflects a sectoral shift toward vertical integration and resource security, ensuring that large-scale steel producers have stable access to the inputs required to meet growing domestic demand.
| Share price | ₹183.69 |
|---|---|
| Market capitalisation | ₹75,873.62 Cr |
| Revenue (annual) | ₹1.11L Cr |
| Net profit (annual) | ₹3,372.80 Cr |
| Revenue (latest quarter) | ₹26,245.67 Cr-14.82% vs previous quarter |
| Net profit (latest quarter) | ₹1,644.05 Cr-10.43% vs previous quarter |
| P/E (TTM) | 17.76×Sector 18.91× |
| Promoter holding | 65%0.00% QoQ |
| FII holding | 7.09%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Steel Authority of India Limited announcing a Memorandum of Understanding with Bharat Coking Coal Limited. Market figures from a third-party data provider.
