India’s steel sector posted strong April growth in 2026, with crude output up 5.8% and steel consumption rising 8.1%. The uptick points to firm domestic demand across infrastructure and manufacturing, alongside fresh capacity expansion plans. Green steel efforts are advancing too, with certifications reaching many producers, while domestic prices show signs of recovery.
India has turned into a net exporter of finished steel for the first time in the fiscal year ending March 31. The country shipped 6.6 million metric tons, up 35.9% year on year, while imports dropped 31.7%. Crude steel production also rose strongly, signaling momentum in domestic output and supply.
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Maruti Suzuki India posted an all-time high production of 23.4 lakh passenger vehicles in FY26, setting it apart as the only maker in India to reach that milestone. The company also became the only Suzuki Motor Corporation facility worldwide to achieve such production levels, underscoring its scale and manufacturing execution.
ONGC had promised the turnaround would finally end its long decline this year. But the company now says the recovery is slipping, citing delays in KG, slower progress at Mumbai High, and shifting of key production volumes to next year. The revival that was eagerly awaited appears to be stalled once more, raising fresh questions about timelines.
India’s coal stocks have crossed 200 million tonnes, enough to cover 90 days of demand, marking a notable rise from earlier levels. The government also says coal production hit one billion tonnes for the second straight year. With reforms and auctions underway, officials claim the push is to cut import dependence and strengthen self-reliance in minerals.
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