Steel Authority of India Limited (SAIL) welcomes the Mines and Minerals (Development and Regulation) Amendment Act, 2026, notified by the Central Government on 17 August 2026, as a significant reform towards establishing a predictable fiscal regime and long-term policy certainty in the mineral sector.

The Amendment provides greater clarity and uniformity in mineral taxation and levies. It also addresses pending retrospective levies, thereby providing greater certainty and confidence to the mining industry.

For SAIL, with its substantial captive iron ore and coal mining operations, the reform is expected to improve the viability of mining operations, facilitate investment and mine development, and strengthen long-term raw-material security. Greater predictability in the fiscal regime will support efficient utilisation and development of SAIL’s mineral resources and will boost iron ore mining.

Importantly, the reform will also facilitate increased availability of iron ore in the domestic market. With improved viability and development of its captive mines, SAIL will be able to make additional iron ore available for sale in the market, in accordance with the applicable regulatory framework. This will strengthen domestic supply chains and support availability of indigenous iron ore to the Indian steel industry.

The reform is expected to encourage higher investment and production, reduce import dependence, strengthen mineral and energy security, and enhance the competitiveness of mineral-based industries.

SAIL remains committed to responsible and sustainable development of its mineral resources, strengthening captive raw-material security and making greater quantities of iron ore available to the domestic market, in support of the vision of an Atmanirbhar and Viksit Bharat.

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AG