PNS
BOKARO
Steel Authority of India Limited (SAIL) has welcomed the Mines and Minerals (Development and Regulation) Amendment Act, 2026, notified by the Central Government on August 17, describing it as a significant reform that will bring greater predictability to the mineral sector and strengthen long-term raw-material security.
The amendment provides greater clarity and uniformity in mineral taxation and levies and addresses pending retrospective levies, offering greater certainty and confidence to the mining industry.
For SAIL, which operates substantial captive iron ore and coal mines, the reform is expected to improve the viability of mining operations, facilitate investment and mine development, and strengthen the company’s long-term raw-material security. Greater fiscal predictability will also support efficient utilisation of mineral resources and boost iron ore production.
The reform is expected to increase domestic availability of iron ore. With improved viability and development of its captive mines, SAIL will be able to make additional iron ore available for sale in the domestic market, in accordance with the applicable regulatory framework. This will strengthen domestic supply chains and support the availability of indigenous iron ore for the Indian steel industry.
The amendment is also expected to encourage investment and production, reduce import dependence, strengthen mineral and energy security, and enhance the competitiveness of mineral-based industries.
SAIL reiterated its commitment 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 an Atmanirbhar and Viksit Bharat.
