India's state-run SAIL wins court block on steel antitrust investigation, court records show

Steel Authority of India

24/04/2026 10:46

April 24 (Reuters) - An Indian court has put an antitrust investigation into state-run Steel Authority of India SAIL.NS on hold after the company challenged the Indian watchdog for procedural lapses, according to court records and the company's legal filings.

In the most high-profile antitrust case involving India's steel sector, an investigation by the Competition Commission of India found 28 firms colluded on steel prices, Reuters exclusively reported in January. These included Tata Steel TISC.NS, JSW Steel JSTL.NS and state-run SAIL and RINL.

Online Madras High Court records show the judge in an April 21 hearing put the investigation into SAIL on hold. The ruling and SAIL's arguments in court are being reported for the first time by Reuters.

SAIL did not respond to a request for comment.

 (Editing by Elaine Hardcastle)