Steel companies' outlays could jump 44% on growth hopes

New Delhi: Capital expenditure by public sector steel companies is expected to increase by nearly 44% in FY27 compared with the previous year, reaching Rs 25,125 crore, according to budget documents.

Steel Authority of India Limited (SAIL) and National Mineral Development Corporation (NMDC) lead the pack with an expected 50% increase in capex, funded through internal and extra budgetary resources (IEBR).

SAIL is expected to spend Rs 15,000 crore in FY27, up from Rs 10,000 crore in FY26. NMDC's capex is seen rising to Rs 9,000 crore in FY27 from ₹6,000 crore in the previous year.


This higher capex is in anticipation of improved prospects for India's domestic steel industry.

Manganese Ore India Limited (MOIL) is expected to spend ₹800 crore in the coming fiscal, up from Rs 600 crore in the current year.