India’s steel industry is poised for a significant boost as large-scale infrastructure and real estate developments take shape in Gujarat and Haryana, indicating a strong demand outlook for the construction-grade steel segment.
During a two-day visit to Gujarat, Prime Minister Narendra Modi inaugurated infrastructure and urban development projects worth over ₹77,000 crore. Among the key initiatives is a state-of-the-art locomotive manufacturing plant in Dahod, which is expected to strengthen India’s rail manufacturing capabilities. Additionally, urban development projects in Bhuj and Gandhinagar are set to transform the urban landscape of the state. These projects not only underscore the Centre’s focus on industrial and civic growth but are also expected to catalyse massive consumption of structural steel and allied materials across sectors.
Simultaneously, Gurgaon’s Southern Peripheral Road (SPR) has emerged as a bustling hub for real estate activity. Since 2022, projects worth ₹50,000 crore have been launched in the region, with an additional ₹50,000 crore in developments reportedly in the pipeline. The SPR corridor, strategically located with seamless connectivity to National Highway-48 and Golf Course Extension Road, has become a preferred destination for both commercial and residential investments.
This dual-pronged infrastructure thrust in Gujarat and Gurgaon points to an impending surge in steel demand, particularly in construction steel, fabricated components, and pre-engineered buildings. Industry experts view these developments as a positive signal for the domestic steel sector, especially at a time when the government is pushing for self-reliance and increased domestic manufacturing under its ‘Make in India’ initiative.
With more large-scale projects on the horizon, stakeholders in the steel and construction industries are gearing up for increased activity, capacity expansion, and the introduction of new technologies to meet the rising demand.
