Bharat Steel 2026 to Enhance Supply Chain Resilience Amid India's Steel Capacity Growth
India's steel production capacity exceeds 200 million tonnes per annum, aiming for 300 million tpa by 2030-31. The focus has shifted from mere capacity expansion to strategic optimisation and resilience against supply disruptions. The Ministry for Steel signed MoUs worth R11,887 crore with 55 companies to increase speciality steel capacity by 26 million tonnes by 2030-31, supported by the PLI scheme, which has attracted R43,874 crore in investments.
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India is targeting a steel production capacity of 300 million tonnes per annum by 2030-31, having surpassed 200 million tpa. The steel sector is moving from expansion to optimisation, with an emphasis on strategic resilience against supply disruptions and geopolitical risks.
Major players like JSW Steel and Tata Steel are investing in automation and digital systems. The Ministry for Steel signed MoUs worth R11,887 crore under the PLI scheme to add 26 million tonnes of speciality steel capacity by 2030-31, which has attracted R43,874 crore in investment commitments. The mining sector is also evolving to support domestic raw material security amid India's ambitions in electric mobility and renewable energy.
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