SAIL Share Price in Focus; Moves Court After CCI Probe into Steel Price Collusion

Steel Authority of India Ltd (SAIL) has approached the court after receiving a notice from the Competition Commission of India (CCI) over suspected cartelisation in the steel sector. 

As per The Business Standard reports, a senior industry executive, speaking on condition of anonymity, said the company has not yet received the detailed reasoning behind the regulator’s conclusions. He said SAIL has taken legal steps to obtain the documents before responding. 

Probe Spans Multiple Firms 

The case relates to an investigation into alleged anti-competitive agreements among steelmakers. Earlier reports said the probe covered major companies including Tata Steel, JSW Steel and SAIL. 

According to a January 6 Reuters report, 28 steel companies were found in the alleged breach of antitrust rules. It also said 56 senior executives were held liable for price collusion over different periods between 2015 and 2023. 

Company Waiting for Full Findings 

The executive said a confidentiality ring is being created, and the CCI is expected to share the report with the company. 

He added that it would be difficult to comment on the matter until the conclusions and supporting material are reviewed. The company plans to respond only after examining the documents. 

What the Law Says 

Under the Competition Act, cartelisation refers to agreements among competing firms to fix prices, limit supply or divide markets. Such arrangements are presumed to harm competition. 

Section 3 of the Act treats these agreements as void if they are found to have an appreciable adverse effect on competition. 

Possible Penalties 

If the CCI’s findings are upheld in the final order, companies and executives involved could face monetary penalties under competition law. SAIL has indicated it will issue a detailed response only after reviewing the regulator’s report. 

Read More: Steel Stocks Rally: Tata Steel, SAIL, JSW Steel and More Gain Up to 2% on Policy Boost! 

SAIL Share Price Performance  

As of February 19, 2026, 9:44 am, Steel Authority of India Ltd (SAIL) share price was trading at ₹158.75, a 0.29% decrease from the previous close. 

Conclusion  

The proceedings are expected to continue after SAIL examines the CCI’s findings. Any penalties will depend on the final order. 

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