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SAIL has formed a joint venture with Indonesia's PT Krakatau Steel to establish a 500 KTPA stainless steel

ICICIdirect Research 08 Jul 2026 DISCLAIMER

News: As per media sources, SAIL has formed a joint venture with Indonesia's PT Krakatau Steel to establish a 500 KTPA stainless steel slab manufacturing facility in Indonesia. 

View: The development is sentimentally positive for SAIL as it marks the company's strategic entry into international manufacturing and expands its presence in the high-value stainless steel segment. The company already has a strong presence in stainless steel through its Salem Steel Plant, which manufactures a wide range of austenitic, ferritic, martensitic and low-nickel stainless steel products catering to sectors such as automotive, nuclear, petroleum and chemicals. The JV provides access to the fast-growing ASEAN market and supports long-term revenue diversification beyond the domestic market.

Impact: Positve

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