State-owned steel giant, Steel Authority of India Ltd (SAIL), is targeting a capital expenditure (capex) of Rs 7,500 crore for the current fiscal year (FY26), representing a 25% increase from the previous year. This substantial investment is aimed at expanding capacities across its various plants.

The company's long-term goal is to increase its total capacity to 35 million tonnes by 2030, up from the current 20 million tonnes, with a total planned outlay of nearly Rs 1 lakh crore. 

Tendering activities are already underway for expansions at the IISCO Steel Plant and Durgapur Steel Plant, with plans for other plants also under consideration. 

This aggressive expansion strategy is driven by strong domestic demand, particularly from the infrastructure and construction sectors, and is a key part of SAIL's effort to maintain its position as a leading public sector steel producer.