·
SAIL
welcomes reform: Steel
Authority of India Limited (SAIL) welcomed the Mines and Minerals (Development and Regulation) Amendment
Act, 2026, notified on August
17, 2026.
·
Predictable
fiscal regime: The
amendment is expected to provide greater
clarity, uniformity and predictability in mineral taxation and
levies.
·
Retrospective
levies addressed: The
reform provides clarity on pending
retrospective levies, improving policy certainty and investor
confidence in the mining sector.
·
Benefit
to SAIL mining operations:
With substantial captive iron
ore and coal mines, SAIL expects the changes to improve the
viability of its mining operations and support new investment and mine
development.
·
Strengthened
raw-material security:
Greater fiscal certainty will help SAIL make more efficient use of its mineral
resources and strengthen its long-term
captive raw-material supply.
·
Higher
iron ore availability:
Improved viability and development of SAIL’s captive mines could enable the
company to make additional
iron ore available for domestic sale, subject to applicable
regulations.
·
Domestic
steel industry support:
Increased domestic availability of iron ore is expected to strengthen indigenous supply chains
and support raw-material availability for Indian steel producers.
·
Reduced
import dependence:
Higher domestic mineral production could help reduce dependence on imports and strengthen
India’s mineral and energy security.
·
Investment
and production: The
reform is expected to encourage higher
investment, mining activity and production in the mineral
sector.
·
Competitiveness: Greater availability of domestic minerals
and a more predictable fiscal framework could enhance the competitiveness of mineral-based
industries, including steel.
·
Atmanirbhar
Bharat: SAIL
linked the reform to the broader objectives of Atmanirbhar Bharat and Viksit Bharat, while
reiterating its commitment to responsible and sustainable mineral development.
·
Key
takeaway: The
MMDR amendment is expected to provide greater
fiscal certainty for mining, encourage investment and production, strengthen
SAIL’s captive raw-material security, and potentially increase domestic iron
ore availability.
<MMDR Amendment Act, 2026 – FAQs>
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.