PSU Steel Stocks: Budget se mili Power, Capex **44%** Bhaga!

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AuthorAarav Shah|Published at:
PSU Steel Stocks: Budget se mili Power, Capex **44%** Bhaga!
Overview

Arre bhai log, suno! India ki public sector steel companies ekdum taiyaar ho gayi hain apna kharcha badhane ke liye. FY27 tak inka capital expenditure lagbhag **44%** badh kar **₹25,125 crore** ho jayega. Yeh sab budget ki support aur infrastructure mein badhti demand ke chalte ho raha hai.

Budget ne di Power!

Government ne FY27 ke liye steel PSUs ka budget 44% tak badha diya hai, jo ki ₹25,125 crore hoga. YehFY26 se kaafi zyada hai. Ismein sabse aage hain SAIL aur NMDC. SAIL apna kharcha FY26 ke ₹10,000 crore se badha kar FY27 mein ₹15,000 crore karne wali hai. Wahi, NMDC bhi apna capex ₹6,000 crore se badha kar ₹9,000 crore tak le jayega. MOIL bhi ₹600 crore se ₹800 crore tak kharch karne ka plan kar raha hai. Yeh saara paisa companies apne internal resources se lagaengi, jo dikhata hai ki unki financial health tagdi hai.

Market mein Thoda Correction?

Abhi latest mein, 30 January 2026 ko Nifty Metal index mein 5% ka zabardast girawat hui thi, jo pichhle 9 mahine mein sabse badi thi. SAIL aur NMDC ke shares bhi lagbhag 4% neeche aaye, Tata Steel 5% aur JSW Steel 2% gira. SAIL ₹149 par trade kar raha hai aur uska P/E ratio 24.11 hai, market cap ₹61,400 crore hai. NMDC ₹81.76 ke aas paas hai, market cap ₹70,669 crore aur P/E ratio 10.06 hai. Yeh sab short-term profit booking ya market ka correction lag raha hai.

Sector ka Future Kaise Hai?

India ab duniya mein doosra sabse bada steel producer hai aur 2030-31 tak 300 million tonnes per annum tak pahunchna chahta hai. Analysts bol rahe hain ki domestic steel sector mein growth pakki hai, global market ki problems ke bawajood. Nomura ka kehna hai ki steel consumption mein jo bhi kami dikh rahi hai woh temporary hai aur FY27-28 tak phir se bounce back karegi. Ismein automotive sector ka recovery, infrastructure projects, manufacturing aur baaki industries ka role hoga. Budget 2026 mein government ne infrastructure pe ₹12.2 lakh crore kharch karne ka plan kiya hai, jisse steel ki demand aur badhegi.

Green Steel ka Future?

Ek aur important trend chal raha hai - Green Steel ka. ICRA rating ke hisab se, 2040 tak India ki total steel demand mein green steel ka hissa 10% tak ho sakta hai (abhi yeh sirf 2% hai). Lekin yeh transition dheere-dheere hoga, kyuki green hydrogen ka kharcha bahut zyada hai aur technology bhi abhi develop ho rahi hai. Operational efficiency aur renewable energy se emissions shayad 19% tak kam ho sakte hain FY2030 tak, par bade green steel plants toh abhi time lenge.

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