Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Steel Ministry exploring separate mining vertical for SAIL.
Move aims to enhance iron ore production and operational efficiency.
Plan aligns with India’s 2030 steel capacity target.
In a strategic move to strengthen domestic iron ore supply and enhance efficiency, the Ministry of Steel is considering creating a separate mining vertical under state-run Steel Authority of India Limited (SAIL). The proposed vertical would focus exclusively on SAIL’s mining operations, aiming to unlock better operational control and faster decision-making.
SAIL, India’s largest steel producer by capacity, currently manages multiple captive iron ore mines feeding its steel plants. However, with increasing demand for raw materials and a push for self-reliance in steel production, a dedicated mining arm is expected to optimize output, streamline logistics, and enable potential collaborations.
According to ministry officials, discussions are at a preliminary stage, and a formal proposal may be placed before the Cabinet after internal approvals. If cleared, this move would align with India’s 300 million tonne steel production target by 2030 under the National Steel Policy.
Industry experts believe that a separate vertical could also position SAIL to eventually explore commercial mining opportunities, providing additional revenue streams and strengthening its resource base amid rising global raw material competition.
Also Read : India's exports to Europe may be affected due to Iran-Israel conflict Rumored 12% Steel Import Levy Stirs Up Confusion in Indian Market
Tata Steel Nederland Takes Major Step Toward Green Steel with Environmental Report Tata Steel Neder...
Business 01-Jul-2025
To protect the domestic steel industry, the Indian government has proposed a 25% safeguard duty on c...
Taxation 24-Feb-2025
Union Minister Pralhad Joshi stated that the first tranche of offshore minerals auctions is expected...
Raw Material 05-Mar-2024
Union Minister Dr Jitendra Singh has disclosed that India's nuclear power capacity is set for a rema...
Press Releases 07-Feb-2024
The European Union and India have been unable to reach a consensus at the World Trade Organization (...
Ferrous 18-Jun-2024
JSW Steel is expanding its product mix to minimise India's reliance on coated steel imports by intro...
Large Corporate 30-May-2024