Sambhv Steel Tubes strengthens market reach with integrated manufacturing push Ferrous growth picks up as steel prices recover Anil Agarwal seeks $25 billion mining push for steel India’s finished steel consumption rises 7% in FY26
Vedanta Chairman Anil Agarwal has called for a $25 billion investment push in mining, saying it is essential for India’s long-term steel expansion and resource self-reliance. He said India’s target of producing 300 million tonnes of steel will require nearly 800 million tonnes of iron ore, making faster development of domestic mining capacity critical.
The message is clear: without large-scale mining expansion, logistics support, and globally competitive operations, India could face growing dependence on imports for key raw materials. The push also fits into the larger industry theme of strengthening supply security, reducing external vulnerability, and building a stronger domestic metals ecosystem.
For the steel sector, the call highlights a major structural issue—future steel growth will depend not only on plant capacity, but also on how quickly India scales its mining and raw material backbone.
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