Steel Authority of India (SAIL) has announced a 25 percent increase in its capital expenditure to Rs 7,500 crore for FY26, up from Rs 6,000 crore in the previous financial year.

The move is part of SAIL's broader strategy to scale up its installed steelmaking capacity from 20 MTPA to 35 MTPA by 2030, with a total investment outlay of nearly ?1 lakh crore. The company has already spent Rs 1,642 crore in the April-June quarter, exceeding its Q1 target. Expansion projects are underway at IISCO Steel Plant (West Bengal), Durgapur Steel Plant, and planned for Bhilai (Chhattisgarh), Bokaro (Jharkhand), and Rourkela (Odisha).

Saleable steel production rose to 4.7 million tonne, marking its best-ever Q1 sales performance, and the company expects robust domestic demand fuelled by infrastructure growth. It aims for greater self-sufficiency in raw materials, including iron ore and coking coal.