SAIL Hikes FY26 Capex to ₹7,500 Cr to Fast-Track Expansion Towards 2030 Goal

In line with accelerating its steel production capacity to 35 million tonnes per annum (MTPA) by 2030, SAIL raises its capital expenditure allocation for FY26 to ₹7,500 crore-up by 25% from ₹6,000 crore previously.

Capacity expansion is part of the long-term vision of the company, and the total investment going forward is estimated at around ₹1 lakh crore. The Maharatna PSU is looking to make a mark and establish itself as an important player to meet the growing demand for steel, which comes from infrastructure growth & industrial development in India.

Spending in April to June FY25, at ₹1,642 crore, surpassed the company’s target for the first quarter, thereby showing an aggressive ground push by SAIL. IISCO Steel Plant in West Bengal and Durgapur Steel Plant are successfully moving on key projects. The plans for similar expansions are lined up for Bhilai, Chhattisgarh, Bokaro, Jharkhand, and Rourkela, Odisha.

In terms of performance, SAIL has achieved its best-ever Q1 sales-handling of 4.7 million tonnes of saleable steel. The company expects the domestic demand to remain strong, supported by infrastructure and construction activity being driven by the government.

To support its bigger operations and reduce the dependence on imports, Sail is also working towards self-sufficiency in sourcing key raw materials like iron ore and coking coal.

The aggressive capex is a signal from SAIL of its commitment not only to volume expansion but also to operational resiliency concerning plant modernization, logistics, and raw material security.

SAIL’s 2030 vision as the largest steel producer in the country by capacity dovetails with the global ambition of India to emerge as a manufacturing and infrastructure powerhouse.