{"id":78336,"date":"2025-10-30T15:29:27","date_gmt":"2025-10-30T09:59:27","guid":{"rendered":"https:\/\/newswireindia.in\/index.php\/2025\/10\/30\/india-growth-beat-2-government-titans-and-one-policy-push\/"},"modified":"2025-10-30T15:29:27","modified_gmt":"2025-10-30T09:59:27","slug":"india-growth-beat-2-government-titans-and-one-policy-push","status":"publish","type":"post","link":"https:\/\/newswireindia.in\/index.php\/2025\/10\/30\/india-growth-beat-2-government-titans-and-one-policy-push\/","title":{"rendered":"India Growth Beat: 2 Government Titans and One Policy Push"},"content":{"rendered":"
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New Delhi [India], October 30: <\/b>India\u2019s heavy industry just flexed. SAIL and NMDC turned in record-breaking numbers for FY26, while Commerce Minister Piyush Goyal rallied the nation\u2019s export engines. If India\u2019s industrial story was ever looking for a sequel, this is it, and it\u2019s called momentum.<\/span><\/p>\n

Steel Has a Spine, SAIL Proves It<\/b><\/h2>\n

The Steel Authority of India Limited (SAIL), the Maharatna that quite literally forges India\u2019s backbone, has shown that resilience is not just a buzzword. In its financial results for the first half of FY26, the company delivered both physical and financial muscle.<\/span><\/p>\n

\"SAIL<\/p>\n

Crude steel production stood steady at <\/span>9.5 million tonnes<\/b>, keeping plants near peak capacity. But the real power play came from sales. SAIL clocked <\/span>9.46 million tonnes in sales volume<\/b>, up a sharp <\/span>16.7%<\/b> year-on-year. That kind of growth isn\u2019t luck, it\u2019s strategy.<\/span><\/p>\n

Revenue from operations crossed <\/span>\u20b952,600 crore<\/b>, a healthy climb from \u20b948,672 crore in the same period last year, despite global steel prices taking a hit. Profit after tax (PAT) shot up <\/span>32%<\/b> to <\/span>\u20b91,112 crore<\/b>, and debt fell to <\/span>\u20b926,427 crore<\/b>, marking steady progress toward pre-pandemic debt levels.<\/span><\/p>\n

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In plain terms: SAIL is sweating efficiency, not excuses.<\/span><\/em><\/p>\n<\/blockquote>\n

Chairperson and Managing Director Amarendu Prakash summed it up best: \u201cHigh capacity utilisation, increased sales, and relentless focus on efficiency have powered robust financial performance.\u201d Translation: SAIL didn\u2019t just hold the line, it pushed forward.<\/span><\/p>\n

NMDC: Mining Momentum Turns to Gold<\/b><\/h2>\n

Not to be outshone, NMDC Limited, the iron ore giant feeding India\u2019s steel juggernaut, posted a <\/span>record-breaking Q2 FY26<\/b>. The numbers read like a case study in operational excellence.<\/span><\/p>\n

\"Strong<\/p>\n

Production hit <\/span>10.21 million tonnes<\/b>, up <\/span>23%<\/b> year-on-year. Sales followed suit at <\/span>10.72 million tonnes<\/b>, a <\/span>10%<\/b> rise from last year\u2019s quarter. Financials? Even stronger, <\/span>turnover jumped 30%<\/b> to \u20b96,261 crore, <\/span>profit before tax rose 35%<\/b>, and <\/span>PAT climbed 33%<\/b> to \u20b91,694 crore. EBITDA grew 32% to \u20b92,385 crore.<\/span><\/p>\n

These aren\u2019t just figures; they\u2019re proof that India\u2019s mining sector has learned to perform under pressure.<\/span><\/p>\n

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Chairman and Managing Director Amitava Mukherjee didn\u2019t mince words: \u201cRecord production, record sales, and strong financial growth this quarter are all indicators of our historic reliability.\u201d<\/span><\/p>\n<\/blockquote>\n

The subtext: NMDC isn\u2019t just supplying ore, it\u2019s fueling India\u2019s industrial future. Its expansion plans are aligned with national priorities for self-sufficiency in steelmaking and a transition toward net-zero emissions.<\/span><\/p>\n

The Government\u2019s Chess Move, Exports and Ecosystem<\/b><\/h2>\n

Meanwhile, over in Delhi, Commerce and Industry Minister <\/span>Piyush Goyal<\/a><\/strong> was orchestrating the next move in India\u2019s economic chess game. Chairing a meeting with <\/span>Export Promotion Councils and Industry Associations<\/b> at Vanijya Bhawan, he reinforced what the numbers are already suggesting: India\u2019s industrial base is firing on all cylinders.<\/span><\/p>\n

The session brought together heavyweights from the <\/span>Departments of Commerce, Revenue, DPIIT<\/b>, and key councils across textiles, engineering, pharma, gems & jewellery, and services. The goal: build a more agile, facilitative export ecosystem.<\/span><\/p>\n

The DGFT and Department of Commerce presented the ongoing reforms from the first half of FY26, measures aimed squarely at simplifying exports, diversifying markets, and cutting bureaucratic fat.<\/span><\/p>\n

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Representatives from FIEO, CII, FICCI, ASSOCHAM, SIAM, and NASSCOM all backed the Minister\u2019s direction. Their message was clear: government reforms are paying off, but now\u2019s the time to double down.<\/span><\/p>\n<\/blockquote>\n

As Goyal put it, the government remains \u201ccommitted to strengthening a facilitative trade ecosystem and enhancing global market access for Indian exporters.\u201d<\/span><\/p>\n

It\u2019s a sentiment that dovetails neatly with the performance of industrial giants like SAIL and NMDC. The message: the ecosystem is aligning policy, production, and profitability.<\/span><\/p>\n

India\u2019s Industrial Engine Is Synchronizing<\/b><\/h3>\n

Let\u2019s connect the dots.<\/span><\/p>\n