1 year ago
SAIL to Invest Rs7,500 Crore in FY26 Capex
SAIL, a big Indian steel company, is spending more money this year to make more steel.
They plan to spend Rs7,500 crore, which is a lot more than last year.
They want to make a lot more steel in the coming years.
They're working on expanding some of their plants, like the ones in West Bengal and Durgapur.
The company made a lot more money in the first few months of this year because they're making steel more efficiently.
They also sold more steel than they did last year.
SAIL plans a Rs7,500 crore capex for fiscal year 2026, a 25% increase from the previous year.
The company aims to increase its total steel production capacity to 35 million tonnes by 2030.
Expansion projects are underway at IISCO Steel Plant and Durgapur Steel Plant.
SAIL's Q1 consolidated net profit rose to Rs885.93 crore due to improved operational efficiency.
Saleable steel production in Q1 reached 4.7 million tonnes, a 12% increase year-over-year.
- Who
- SAIL, India's largest steel player in the public sector.
- What
- SAIL is investing Rs7,500 crore in capex.
- Where
- Expansion projects are underway at plants in West Bengal, Jharkhand, Chhattisgarh, and Odisha.
- When
- The capex is planned for fiscal year 2026.
- Why
- To expand production capacity and increase efficiency.
Key facts
- Capex FY26
- Rs7,500 crore
- Capacity Goal
- 35 million tonnes by 2030
- Q1 Net Profit
- Rs885.93 crore
- Q1 Steel Production
- 4.7 million tonnes
- Expansion Locations
- West Bengal, Jharkhand, Chhattisgarh, Odisha
