New Delhi, April 8 (IANS) India’s steel industry clocked a robust 10.7 per cent year-on-year growth in production at around 168.4 million tonnes during 2025–26, consolidating its position as the world’s second-largest producer while navigating global uncertainties and price pressures, according to a statement issued by the Ministry of Steel on Wednesday.Domestic demand remained the key growth driver with finished steel consumption at 164 million tonnes, expanding by about 7–8 per cent, d…
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New Delhi, April 7 (IANS) Calling for a transformative shift in India’s steel sector, Union Minister H. D. Kumaraswamy on Tuesday said the industry must move beyond traditional growth models and embrace a future driven by circular economy principles and green decarbonisation to support the vision of a Viksit Bharat.Inaugurating the workshop titled “SRTMI R&D Connect: From Ideas to Industrial Impact,” Kumaraswamy underscored the need for a paradigm shift in the sector, stating that India …
Asansol, March 20 (IANS) In West Bengal’s Paschim Bardhaman district, extraction of coal from Raniganj since centuries anchored the region’s growth and later made Asansol–Durgapur a hub of heavy industry and rail‑linked manufacturing. Today, the area hosts a number of closed gates of industries having shut down.Steel, engineering, and allied industries grew around coal and rail links; large plants and ancillary factories created dense industrial townships and skilled labour markets.However, …
New Delhi, March 11 (IANS) State-run steel major Steel Authority of India Limited (SAIL) has reported its highest-ever sales during the April–February period of FY26, the Ministry of Steel said on Wednesday.The Maharatna PSU recorded total sales of 18.24 million tonnes (MT) during the first 11 months of the financial year, registering a 14 per cent year-on-year growth, the company said.During the same period, the steel producer achieved its highest-ever cash collection of Rs 1.11 lakh crore, a…
New Delhi, Feb 3 (IANS) Steel Authority of India Limited (SAIL), one of the country’s largest steel-making companies and a Maharatna public sector enterprise, on Tuesday announced it has achieved its highest-ever cumulative sales during the April to January period of the current financial year.The company recorded total sales of 16.6 million tonnes during this period in FY 2025–26, showing a strong growth of 16 per cent compared to 14.3 million tonnes in the same period last financial year, …
New Delhi, Jan 5 (IANS) Maharatna public sector company Steel Authority of India Limited (SAIL) has clocked a 37 per cent jump in sales volume for December at 2.1 million tonnes (MT), compared with the corresponding figure of 1.5 MT achieved in December 2024.”This is the best ever showing for the month of December, and saw the company scale new peaks across product categories and different sales channels with significant inventory reduction. The performance was buoyed by maintaining a strong foc…