At the state level, Odisha emerged as the largest contributor to India’s steel capacity growth in FY’26. The state’s capacity rose sharply by 22% y-o-y to 45 mnt, making it India’s largest steel-producing state by installed capacity. Odisha continues to attract investments due to abundant iron ore reserves, port connectivity, lower logistics costs, and the presence of established steel clusters. By FY’30, Odisha is projected to further consolidate its dominance, with capacity expected to rise to 72 mnt. This would account for nearly one-fourth of Indias total crude steel capacity. Odisha alone is expected to contribute about 40% of Indias total incremental steel capacity additions between FY’25 and FY’30.

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