India's four major steel enterprises released production and sales performance for the 2026 fiscal year, accelerating capacity expansion to advance the 2030 development goals

Four major Indian steelmakers, namely JSW Steel, Tata Steel, SAIL and Jindal Steel, recently unveiled their production and sales results for the 2026 fiscal year spanning April 2025 to March 2026.

Driven by robust domestic demand and reduced imports amid protective policies, all four firms posted rising revenue and net profit after tax. Domestic steel prices dipped temporarily in summer due to prolonged monsoon rains, pushing up export volumes. Nonetheless, the domestic market rebounded sharply in the fourth quarter from January to March 2026, bolstering the full-year solid performance.

During the fiscal year, JSW Steel, Tata Steel and Jindal Steel commissioned new blast furnaces and hot rolling facilities, fueling rapid expansion of India's crude steel and rolled steel capacity. India targets lifting crude steel capacity to 300 million tons by 2030, and local steel enterprises are scaling up large-scale investments.

Tata Steel focuses on expanding its Kalinganagar plant in Odisha, aiming to raise its domestic crude steel capacity from the current 26 million tons to 35-40 million tons by 2030. It also presses ahead with the expansion of NINL and builds more production lines for high-grade steel plates.

JSW Steel expands capacity in Dolvi of Maharashtra and Vijayanagar of Karnataka, planning to boost its existing 43 million-ton crude steel capacity to around 50 million tons by the 2030-31 fiscal year. Its joint ventures with JFE Steel and POSCO are also in progress to further expand production capacity.

Jindal Steel & Power expands converter and hot rolling capacity centering on its Angul plant in Odisha. SAIL carries out modernization and capacity upgrading at IISCO and Durgapur works to facilitate the production of high-grade steel products.