What happened: SAIL welcomes the MMDR Amendment Act, 2026 notified on 17 August 2026
Steel Authority of India Limited (SAIL) publicly welcomed the Mines and Minerals (Development and Regulation) Amendment Act, 2026. The Central Government notified the Amendment Act on 17 August 2026. In SAIL’s view, the Amendment Act is designed to create a predictable fiscal regime and long-term policy certainty in the mineral sector, especially for mining operations linked to raw-material security.
SAIL’s stated expectations from the Mines and Minerals (Development and Regulation) Amendment Act, 2026 include the following:
Greater clarity in mineral taxation and levies: SAIL highlights “greater clarity and uniformity in mineral taxation and levies” as a key reform.Resolution of pending retrospective levies: SAIL says the Amendment Act “addresses pending retrospective levies”, which should reduce uncertainty for the mining industry.Improved viability of captive mining: SAIL, which operates substantial captive iron ore and coal mining operations, expects improved operational viability.More investment and mine development: SAIL expects the predictability in the fiscal regime to support investment and development of mines.Greater domestic iron ore availability: With improved viability of its captive mines, SAIL expects to make additional iron ore available for sale in the domestic market under applicable regulatory requirements.
Background and earlier position: uncertainty in mineral taxation affects mining decisions
Related current affairs
- Mines and Minerals (Development and Regulation) Amendment Act, 2026: Uniform fiscal framework for mineral taxation
- Mines and Minerals (Development and Regulation) Amendment Act, 2026: Key provisions and policy rationale (PIB backgrounder FAQ)
- Ministry of Steel to hold Open House on Steel Import Issues on 9th July
