SAIL supports the Mines and Minerals (Development and Regulation) Amendment Act, 2026, which aims to provide predictable fiscal regimes for the mineral sector, enhance domestic iron ore supply, and strengthen competitiveness.
The Steel Authority of India Limited (SAIL) has endorsed the Mines and Minerals (Development and Regulation) Amendment Act, 2026, notified by the Central Government on August 17th, 2026. The reform is designed to establish a more predictable fiscal regime in the mineral sector through increased clarity and uniformity in mineral taxation and levies. This action will address outstanding retrospective levies and offer assurance to the mining industry.
For SAIL, with substantial captive iron ore and coal mining operations, this reform may improve the profitability of mining activities, foster investment, and stimulate mine development. The enhanced predictability in fiscal policies will also support the efficient utilization and development of SAIL’s mineral resources and boost iron ore production.
Significantly, the Amendment Act is expected to expand the availability of iron ore within the domestic market. With improved viability and development of its captive mines, SAIL intends to make additional iron ore available for sale, in compliance with applicable regulatory frameworks. This move will strengthen domestic supply chains and support the availability of indigenous iron ore to the Indian steel industry.
The reform is anticipated to stimulate higher investment and production, decrease import reliance, bolster mineral and energy security, and elevate the competitiveness of mineral-based industries.
Source:
Press Information Bureau
