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Enlight Metals Targets 2028 IPO as National Expansion Accelerates

Enlight Metals operates on a technology-enabled 24-hour delivery model using dark stores in Pune and Mumbai

Published

3 months ago

November 10, 2025

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Enlight Metals, one of India’s fastest-growing metal aggregation companies, has announced plans to launch an IPO by 2028—a key milestone in its rapid scale-up. The company has achieved Rs 1.50 billion in revenue this year and is projecting Rs 4 billion by FY26 and more than Rs 12 billion by FY27, driven by strong demand from India’s infrastructure and manufacturing sectors.

The company has emerged as a trusted supplier for major infrastructure projects, delivering more than 4,500 tonnes of steel to the Pune Metro and 1,300 tonnes to Udaipur Airport, while partnering with leading EPC players including Tata-Gulermak, Shapoorji Pallonji and J Kumar Infra. Enlight Metals currently works with over 500 OEMs—including Tata, JSW and Eicher—and aims to expand its customer base to more than 1,500 OEMs by FY27.

“Our vision is to build India’s most efficient and transparent metal aggregation platform,” said Vedant Goel, Director, Enlight Metals. “The 2028 IPO marks the next phase of our journey as we scale our footprint, strengthen our technology stack and redefine how metals are sourced and delivered across India. We are committed to sustainable, tech-driven growth that delivers long-term value for our partners and investors.”

Enlight Metals operates on a technology-enabled 24-hour delivery model using dark stores in Pune and Mumbai, supported by integrated ERP and CRM systems, WhatsApp-based order capture and AI-driven demand forecasting. The company plans to open eight additional dark stores and launch its first steel service centre—offering cutting, slitting and shearing—in FY26, significantly expanding its operational and value-added capabilities.

With a strong technology foundation, expanding partnerships and a clear roadmap to scale, Enlight Metals is positioning itself as a key player in modernising India’s metal supply chain and advancing toward a successful public listing by 2028.

Godrej Interio Powers Kerala Metro Projects

In addition, KMRL has declared Interio by Godrej as the lowest bidder for the Architectural Finishing Contract for Kochi Metro Phase 2.

Interio by Godrej, Kerala infrastructure, Kochi Metro, KSITIL, Infopark Kochi, E&MVAC contract, Design-and-build project, Godrej

Interio by Godrej, a flagship furniture and turnkey solutions brand from the Godrej Enterprises Group, has expanded its presence in Kerala’s infrastructure development landscape by securing and executing projects worth more than ₹90 crore in Kochi. The portfolio includes a Rs 690 million Electrical & Mechanical (E&MVAC) work order from Kochi Metro Rail (KMRL) for Phase 2 of the Kochi Metro, along with the successful completion of a Rs 240 million design-and-build project for Kerala State Information Technology Infrastructure (KSITIL) at Kochi’s Infopark.

Speaking on the milestone, Swapneel Nagarkar, Senior Vice President & Business Head, Interio by Godrej, said, “Infrastructure is a key enabler of India’s journey to becoming a $26 trillion economy. At Interio, we are proud to partner with government and public sector enterprises to create spaces that are modern, efficient and human-centric. Our turnkey capabilities across design, engineering and execution demonstrate our ability to deliver large-scale, multi-disciplinary projects with precision and innovation. These partnerships in Kerala reinforce our commitment to shaping India’s infrastructure story through sustainability, inclusivity and forward-thinking design.”

The KMRL contract represents Interio’s first Electrical and Mechanical project, highlighting its expanding capabilities in integrated turnkey execution. The scope includes electrical systems, ventilation and air conditioning (VAC), and fire protection across 10 elevated metro stations, property development (PD) zones, and the viaduct between JLN Stadium (excluding) and Infopark Station.

Interio has also delivered India’s first neurodiverse-friendly workspace for KSITIL at Infopark—covering 50,000 sq ft of interiors and 65,000 sq ft of façade works as part of the Ernakulam South Metro Station PD area. The project integrates sensory-responsive design, adaptive lighting and inclusive layouts aligned with KSITIL’s goals of accessibility, innovation and sustainability. Scope of work included interior fit-outs, architectural finishes, façade engineering and full MEP integration.

In addition, KMRL has declared Interio by Godrej as the lowest bidder for the Architectural Finishing Contract for Kochi Metro Phase 2, covering block work, plumbing and interior finishing across five elevated stations—Palarivattom Junction, Alinchuvadu, Chembumukku, Vazhakkala and Padamughal.

The KSITIL project, located above an active metro station and beside a live railway corridor, was completed with zero safety incidents and has earned high commendation from KSITIL, Infopark, Indian Railways and KMRL for its design quality, precision execution and uncompromising safety standards.

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SAIL Posts Highest-Ever December Sales, FY26 Growth Strong

December volumes jump 37 per cent, momentum continues through April–December.

Published

3 weeks ago

January 6, 2026

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Steel Authority of India (SAIL), a Maharatna central public sector enterprise and one of India’s largest steel producers, has recorded its highest-ever sales for the month of December, reflecting strong demand and improved operational performance.

According to provisional data, SAIL clocked sales of 2.1 million tonnes (MT) in December 2025, registering a robust growth of around 37 per cent compared with 1.5 MT sold in December 2024. This marks the company’s best performance for the month of December to date, with strong growth reported across product categories and sales channels, alongside a significant reduction in inventory levels.

The strong monthly performance was driven by a sharp focus on timely customer deliveries and enhanced market engagement. SAIL has also stepped up its branding and outreach initiatives in recent months, contributing to improved visibility and stronger customer connect in both retail and institutional segments.

The December showing helped SAIL sustain its growth momentum during the current financial year. Cumulative sales for the April–December 2025 period stood at 14.7 MT (provisional), reflecting a growth of about 17 per cent compared with 12.6 MT recorded during the corresponding period of the previous year.

In addition to solid performance in the domestic market, SAIL’s export volumes have also witnessed a significant increase, highlighting the company’s expanding global footprint and competitiveness in international markets. The improved export performance comes amid volatile global steel market conditions, underscoring SAIL’s ability to adapt and capitalise on emerging opportunities.

The sustained improvement in sales volumes reflects SAIL’s strengthened market presence, customer-centric approach and operational efficiencies. The record-breaking achievements across domestic and overseas markets reinforce the company’s position among India’s leading steel producers and are expected to further enhance its standing among major global steel players in the coming years.

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Ministry of Steel Invites Media Partners for Bharat Steel 2026

Global steel conference to be held in New Delhi in April 2026.

Published

3 weeks ago

January 6, 2026

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The Ministry of Steel, Government of India, has invited media organisations to partner with Bharat Steel 2026, an international conference-cum-exhibition scheduled to be held on April 16–17, 2026, at Bharat Mandapam in New Delhi. Envisioned as a premier global platform, the event will bring together policymakers, industry leaders, investors, technology providers and international stakeholders to discuss the future of the steel sector in India and worldwide.

Bharat Steel 2026 aims to showcase India’s steel vision, policy roadmap and investment opportunities, while fostering structured engagement between the Government of India and the global steel ecosystem. The conference is expected to see high-level participation from senior government leadership, key central ministries, state governments, chief executives of leading Indian and international steel and mining companies, global technology players, financial institutions, trade bodies and international delegations.

The two-day event is likely to feature key policy deliberations, industry announcements, business collaborations and knowledge-sharing sessions, with a strong focus on sustainability, innovation and long-term growth of the steel industry. Given its scale and international participation, Bharat Steel 2026 is expected to attract significant national and global attention.

In this context, the Ministry of Steel proposes to collaborate with leading media organisations to ensure wide-ranging and impactful coverage of the conference. Media partners are being invited across categories, including digital media, print media (magazines and newspapers), and electronic and television platforms.

The tentative scope of collaboration includes digital promotions through dedicated web banners and social media posts, publication of advertisements and editorial content in print, and broadcast of promotional material, interviews, panel discussions and event highlights on electronic and television channels. Coverage is envisaged across pre-event, event and post-event phases to ensure sustained visibility.

Partnering media organisations will gain enhanced visibility, access to senior government and industry leaders, exclusive content opportunities, press briefings and on-ground coverage during the event, enabling close engagement with one of the most significant government-led platforms in the steel sector.

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India Imposes Three-Year Tariff on Select Steel Imports

New duties aim to curb surge of low-priced steel from China

Published

4 weeks ago

December 31, 2025

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India has recently imposed import tariffs for a three-year period on select steel products, targeting a sharp rise in low-priced shipments from China that regulators say are hurting domestic producers.

The tariff has been set at 12 per cent in the first year, easing to 11.5 per cent in the second year and further tapering to 11 per cent in the third year. The measure follows concerns flagged by trade authorities over increasing imports at prices below prevailing domestic levels.

As the world’s second-largest crude steel producer, India has been grappling with sustained inflows of cheaper steel, particularly from China, raising anti-dumping concerns and putting pressure on local steelmakers’ margins and capacity utilisation.

The move is expected to provide near-term relief to domestic producers while allowing a gradual adjustment as duties are phased down over the three-year period.