New Delhi, March 14 (IANS) India’s largest iron ore producer NMDC has become the first mining company in the country to produce 50 million tonnes (MT) of iron ore in a single financial year, ahead of the close of FY 2025–26.Established in 1958 to develop India’s iron ore resources, the Navratna CPSE, under the Ministry of Steel, produced around 10 MT in 1978. “Over the decades, output has expanded fivefold to reach a historic 50 MT in FY 2025–26, reflecting the company’s steady trans…
Latest Steel Industry News & Updates
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 29 (IANS) India’s industrial sector continues to display strong momentum despite an evolving and challenging global environment, supported by reforms in infrastructure, logistics, ease of doing business and innovation systems, the Economic Survey 2025-26 said on Thursday.The Survey points to the vital aspect of the next phase of industrialisation that will require a calibrated shift from a model centred mainly on import substitution towards one focused on scale, competitiveness,…
New Delhi, Jan 20 (IANS) India’s transition to low-carbon green steel is to remain a gradual, long-term process as cost and technological constraints continue to hinder rapid decarbonisation, a report showed on Tuesday.Over the long term beyond 2030, green steel demand in India is projected to accelerate and will be driven by tightening ESG compliance norms, large end-user industries (automotive, infrastructure, capital goods, etc) striving to decarbonise their supply chains, and policy measur…
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…