SAIL's Mega Expansion: A ₹7,500 Crore Step Towards 35 MTPA

Steel Authority of India Limited (SAIL) has announced a 25% increase in capital expenditure, allocating ₹7,500 crore for FY26, up from ₹6,000 crore in FY25. This move aligns with SAIL’s long-term strategy to expand its installed steelmaking capacity from 20 MTPA to 35 MTPA by 2030, with a projected total investment of nearly ₹1 lakh crore.

In Q1 FY26, the company spent ₹1,642 crore, surpassing its quarterly target. Expansion projects are actively progressing at the IISCO Steel Plant (West Bengal) and Durgapur Steel Plant, with further plans underway at Bhilai (Chhattisgarh), Bokaro (Jharkhand), and Rourkela (Odisha).

SAIL also reported its highest-ever Q1 sales, with saleable steel production reaching 4.7 million tonnes. The company anticipates strong domestic demand, driven primarily by infrastructure development, and is focusing on achieving greater self-reliance in raw materials, particularly iron ore and coking coal.

This increased capex signals SAIL’s intent to strengthen its position in the domestic and global steel markets while supporting India’s industrial and infrastructure growth.

News by Rahul Yelligetti.