NSENews Verification11 Aug 2026 · 11 Aug 2026, 03:57 pm
News Verification
Steel Authority of India Limited · SAIL
✦ AI SummaryFundraise
Steel Authority of India Limited (SAIL) has clarified a recent news item regarding its plans to raise funds for capital expenditure (capex) through a follow-on public offer (FPO) in FY27. SAIL has been exploring various options to raise funds, with FPO/QIP being one of them, but it is still in a preliminary stage.
Analysis Scores
Earnings Impact5/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
The Exchange has sought clarification from Steel Authority of India Limited with respect to recent news item captioned Steel Authority of India eyes 5% FPO in FY27 to raise funds for capex push.. The response from the Company is attached.
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#rSAIL
Ref.No.BSE/Reg 30(11)/2026-27 10'" August, 2026
The Officer in Charge Surveillance Department
Bombay Stock Exchange National Stock Exchange of India Ltd.
Through BSE Listing Centre Through NEAPS
Sub: Rumour Verification Letter.
Dear Sir/Madam,
This has reference to the email dated 10^'^ August, 2026 regarding the
Captioned Subject. It is hereby clarified, that SAIL has been exploring various routes
of raising funds for its capex needs wherein FPO/QIP is one of the option being
explored. However, it is in a preliminary stage to be informed to the Stock Exchanges
under Regulation 30.
Thanking you.
Yours faithfully,
(M.B. Balakrishnan)
ED( F&A)& Company Secretary
3m wnw ^ 110003, : 011-24367481-86 : 011-24367015 www.sail.co.in
Steel Authority of India Limited, ispat Bhawan, Lodhi Road, New Delhi 110003, Phone : 011-24367481-86 Fax: 011-2436 7015 Website : www.sail.co.in
SAIL PAN No. AAACS7062F SAIL Corporate Identity Number: L27109DL1973GOI006454
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