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Close on the heels of Coal India Limited, 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 India’s long-term mineral security. ... The post SAIL Welcomes MMDR Amendment Act 2026, Says Reform Will Boost Iron Ore Availability appeared first on Indian PSU | Public Sector Undertaking News .

Reliance Industries Ltd (RIL) has proposed an investment of around Rs 2.73 lakh crore over 30 years t o develop India ’s first integrated Underground Coal Gasification (UCG) complex in Andhra Pradesh ’s Eluru district. Reliance proposes Rs 2.73 Lakh Cr investment for Underground Coal Gasification Complex According to The Economic Times, t he proposed investment, however, will depend on the commercial viability of the project following exploration activities to use deep coal reserves to manufacture synthetic gas, or syngas. Reliance has even proposed investing Rs 1.20 lakh crore during the development phase between 2028 and 2030. A further Rs 1.50 lakh crore has been earmarked for the production phase from 2030 onwards, according to the report. The Eluru project is estimated to generate between 3,000 and 5,000 direct jobs, along with 20,000 to 35,000 indirect and induced livelihoods across the region. Reliance’s Rs 2.73 lakh crore project aligns with India’s National Coal Gasification Mission to achieve 100 MT of coal gasification by 2030. The UCG can help reduce India’s reliance on crude imports and related exposure to global supply disruptions and price changes. India has around 360 billion tonnes of estimated coal resources, of which nearly 160 billion tonnes are considered too deep for commercially viable conventional mining, as per the ET report. The Chintalapudi block spans around 3,000 acres with an estimated reserve of 904.94 million tonnes of G-12 grade coal. The Recherla block covers about 5,500 acres and contains an estimated 2,225.67 million tonnes of G-13 grade coal. The two blocks hold about 3,130.61 million tonnes of coal reserves together, with deposits located at depths exceeding 600 metres. Also read: New York-based Warner Music Group to launch global tech hub in Bengaluru

India’s expanding steel sector rests on an uneven raw-material base: abundant domestic iron ore and greater use of locally sourced scrap contrast with a deepening dependence on imported coking coal. Imports surged 15.2% to 66.33 Mt in FY2025-26, and official projections indicate they could meet nearly 86% of a 161 Mt requirement by FY2030, leaving mills exposed to volatile seaborne prices despite improving domestic washery efficiency.

SAIL Welcomes MMDR Amendment, Sees Stronger Domestic Iron Ore Availability New Delhi, Aug 20 (KNN) Steel Authority of India Limited (SAIL) has welcomed the Mines and Minerals (Development and Regulation) Amendment Act, 2026, saying the reform will provide greater certainty in the mineral sector and support the development of its captive iron ore and coal mines. The company said the amendment, notified on August 17, brings greater clarity and uniformity in mineral taxation and levies while addressing pending retrospective levies. SAIL said the more predictable fiscal regime is expected to improve the viability of its mining operations, support investment and mine development, and strengthen long-term raw material security. The company added that improved development of its captive mines could increase the availability of iron ore in the domestic market, subject to the applicable regulatory framework, supporting domestic steel supply chains and reducing import dependence. The amendment is also expected to encourage higher mineral production and investment while strengthening India's mineral and energy security, SAIL said. (KNN Bureau)

SAIL welcomed the 2026 Mines and Minerals Amendment Act, saying greater tax clarity and policy certainty will boost mining viability, investment, domestic iron ore supply and steel security.

New Delhi, Aug 20 (IANS) Steel Authority of India Limited (SAIL) on Thursday welcomed the Mines and Minerals (Development and Regulation) Amendment Act, 2026, notified by the Central Government on August 17, saying the reform will bring greater predictability to the fiscal regime and provide long-term policy certainty to the mineral sector. SAIL said the amendment provides greater clarity and uniformity in mineral taxation and levies while addressing pending retrospective levies. The move is expected to provide greater certainty and confidence to the mining industry and encourage investment in the sector. "It also addresses pending retrospective levies, thereby providing greater certainty and confidence to the mining industry," it said. For SAIL, which operates substantial captive iron ore and coal mines, the reform is expected to improve the viability of its mining operations and facilitate investment and development of mines. The company said greater predictability in the fiscal regime would support efficient utilisation of its mineral resources 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," it added. The reform is also expected to boost iron ore mining and increase the availability of the key raw material in the domestic market. With improved viability and development of its captive mines, SAIL said it would be able to make additional iron ore available for sale in the market, subject to the applicable regulatory framework. According to the company, higher availability of domestically produced iron ore would strengthen domestic supply chains and support the Indian steel industry by improving access to indigenous raw materials. SAIL said the reforms are expected to encourage higher investment and production, reduce dependence on imports, strengthen India's mineral and energy security, and improve the competitiveness of mineral-based industries. The steel major reaffirmed its commitment to the 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. --IANS pk

Sensex Today, Nifty 50 | Stock Market Highlights 20 August 2026: Indian equities snapped their losing streak on Thursday, with the Sensex rising 628.04 points, or 0.82 per cent, to 77,537.72 and the Nifty 50 gaining 153.55 points, or 0.64 per cent, to 24,231.85.

Coal India Ltd, the world's largest coal producer, is opening its first overseas trading office in Singapore. It aims to diversify into trading iron ore and critical minerals, and acquire mineral assets.

Tata Consumer Products anticipates sustained double-digit revenue growth through strong consumer demand. The company's fast-growing food and beverage segments are key drivers of this expansion. Calibrated price adjustments may occur if commodity and energy costs remain elevated. Volume-led growth across categories indicates a fundamental increase in base consumption. The company aims to enhance profitability through premiumization and innovation strategies.

According to him, the recent recovery in consumer demand has been aided by measures such as income tax relief, GST recalibration and continued government capital expenditure