“Policies that incentivize hydrogen-based steelmaking, waste-heat recovery, renewable captive power, and concessional green finance will help reduce production costs while positioning India as a global hub for sustainable steel.” Vedant Goel, CEO And Co-Founder of Enlight Metals
We view Budget 2026–27 as a crucial lever for accelerating the country’s growth ambitions. Over the past year, the government’s strong push on roads, bridges, tunnels, solar and energy parks, and large-scale connectivity projects has created a clear demand pipeline for core materials and components. A continued boost to capital expenditure and industrial corridors will ensure stability and long-term visibility for OEMs, fabricators, and infrastructure developers across the value chain.
This Budget is also an important opportunity to advance the sector’s green transition. Policies that incentivize hydrogen-based steelmaking, waste-heat recovery, renewable captive power, and concessional green finance will help reduce production costs while positioning India as a global hub for sustainable steel. Strengthening domestic scrap collection and recycling infrastructure is equally vital to reduce reliance on imported raw materials and support circularity.
We hope the upcoming Budget brings a balanced focus, driving large-scale infrastructure execution while enabling a cleaner, more resilient and technology-driven metals and manufacturing ecosystem for the future.
The author is Vedant Goel, CEO and Co-founder of Enlight Metals
