India, July 30 -- State-owned Steel Authority of India Ltd. (SAIL) reported a sharp year-on-year rise in profit for the first quarter of FY27, attributing the performance to financial discipline, operational efficiency and strategic investments despite global headwinds.

Commenting on the company's performance, SAIL Chairman and Managing Director Ashok Kumar Panda said the results reflected the strength of the company's integrated strategy.

"This performance reflects the strength of SAIL's integrated strategy. Even as the global headwinds generated due to volatility in the Middle East posed challenges, we demonstrated resilience through financial prudence combined with proactive operational measures. The performance during the quarter re...