Draft Policy Sets 604 Million Tonne Steel Capacity Goal for 2047
India released a draft steel policy on 11 October 2026 targeting 604 million tonnes of steel capacity by 2047, with lower emissions cited as a parallel objective, according to reports from Business Today, The Times of India, Investment Guru India and Traders Union published on the same date.
The policy document sets out a long-term framework for capacity expansion across the country's steel sector. Reducing emissions intensity is identified alongside the capacity target, though no specific emissions figures were disclosed in the reported headlines. Further detail on policy mechanisms or financing arrangements was not available at the time of publication.
For context on related activity already under way, see India Targets 600 Million Tonnes Steel Capacity by 2047 and SAIL and BCCL Partner on 4 MTPA Coking Coal Project in West Bengal.
Key Facts at a Glance
| Item | Detail |
|---|---|
| Policy | India Draft Steel Policy |
| Capacity Target | 604 million tonnes |
| Target Year | 2047 |
| Additional Objective | Lower emissions |
| Date Reported | 11 October 2026 |
| Number of Outlets Reporting | 4 |
Projects India Data: Live Activity Across the Sub-Sector
Projects India tracks 2,304 live projects in the Ferrous Metals (Iron and Steel) sub-sector, with 34 new projects added in the last 90 days alone. This pipeline gives a direct picture of where capital is being committed ahead of — and in anticipation of — any policy-driven acceleration.
Among recently tracked projects:
- Crude Steel Project, Rajnandgaon, Chhattisgarh — Kalyani Ispat Limited, Rs 6,753 crore, Approvals Received
- Steel Plant Project, Bihar — Shakambhari Ispat and Power Limited, Rs 5,000 crore, Planning
- Specialty Steel Project, Dhenkanal, Odisha — Saarloha Advanced Materials Private Limited, Rs 2,499 crore, Under Approvals
- Titanium Metal Project, Ganjam, Odisha — Pareek Innovative Solutions Private Limited, Rs 2,100 crore, Under Approvals
- Billets Plant Project, Giridih, Jharkhand — Mongia Power Private Limited, Rs 424 crore, Under Approvals
- Ferrous Castings Project, Coimbatore, Tamil Nadu — Aquasub Engineering, Rs 200 crore, Approvals Received
Geography: Where the Pipeline Is Concentrated
Chhattisgarh leads all states in tracked ferrous metals projects with 431, followed by Maharashtra (246), West Bengal (238), Karnataka (236), Odisha (219) and Jharkhand (150). Suppliers and contractors targeting high-volume opportunity should note that these six states together account for the majority of the tracked national pipeline.
Odisha is notable for combining a high project count with multiple large-value projects currently under approvals, making it a state to watch for near-term contract activity. Chhattisgarh's dominance in project numbers reflects a long-established concentration of steelmaking capacity in the region.
Stage Breakdown: Most Projects Still Pre-Construction
Of the 2,304 projects tracked by Projects India in this sub-sector, the stage distribution is as follows:
- Under Approvals: 915 projects
- Completed: 452 projects
- Construction Started: 338 projects
- Hold: 195 projects
- Planning: 151 projects
- Approvals Received: 122 projects
The single largest category — 915 projects under approvals — represents a substantial body of work that has not yet reached the construction stage. A further 122 projects have received approvals and are therefore approaching the procurement and tendering window. Combined, these two groups represent over 1,000 projects that could generate supplier and contractor opportunities in the near to medium term.
What this means for suppliers and contractors
The release of a national draft steel policy with a 604 million tonne target to 2047 signals a long-horizon policy environment supportive of continued capacity investment. For suppliers and contractors, the more immediate signal lies in the existing tracked pipeline: 338 projects already in construction, 122 with approvals received, and 915 still moving through the approvals process.
The geography of that pipeline points clearly to Chhattisgarh, Maharashtra, West Bengal, Odisha and Jharkhand as the highest-density markets for ferrous metals work. Equipment makers, EPC contractors and material suppliers active in those states are best positioned to benefit as projects move from approvals into procurement.
Projects India currently records zero open India tenders in the broader Industrial Projects sector, but the volume of projects approaching construction suggests that tender activity is likely to increase as approvals-stage projects advance. Suppliers can monitor the full live pipeline at Projects India's tracked projects directory.
Frequently asked questions
What is India's steel capacity target under the draft steel policy?
India's draft steel policy, reported on 11 October 2026, targets 604 million tonnes of steel capacity by 2047. Lower emissions are also cited as an objective of the policy, though specific emissions figures were not disclosed in available reports.
How many ferrous metals projects are currently tracked in India?
Projects India tracks 2,304 live projects in the Ferrous Metals (Iron and Steel) sub-sector across India, with 34 new projects added in the last 90 days. Chhattisgarh leads with 431 tracked projects, followed by Maharashtra and West Bengal.
Which Indian states have the most iron and steel projects?
Based on Projects India data, Chhattisgarh leads with 431 tracked ferrous metals projects, followed by Maharashtra (246), West Bengal (238), Karnataka (236), Odisha (219) and Jharkhand (150).
How many steel projects in India are at the construction stage?
Projects India data shows 338 ferrous metals projects have construction started, while 122 have approvals received and 915 remain under approvals, indicating a large volume of projects approaching the procurement and construction phase.
