Mr. Ravikant Uppal, Chairman & Managing Director, SISCOL

“Budget 2026 sends a clear signal of policy continuity and scale in India’s infrastructure revolution. The Union Budget has taken several measures to expand the infrastructure network and development across the country. The Finance Minister has proposed to raise the capital expenditure target to Rs 12.2 lakh crore for FY27 from Rs 11.2 lakh crore earmarked for the current fiscal.

Investments in freight corridors, container manufacturing, urban transport and the announcements related to plans to develop seven high-speed rail corridors connecting key cities in the country will translate into sustained demand for high-quality structural steel. These will give a strong boost to promoting infrastructure development across the country.

Also, the announcement related to an allocation of Rs 5,000 crore per City Economic Region (CER) over five years will provide momentum to expand / build new offices, warehouses and industrial parks in urban areas. Additionally, the tax incentives for global data centres open up a new, long-cycle opportunity for industrial and precision steel fabrication.

The development of five university townships near industrial and logistics hubs across the country is a positive step to spur integrated economic growth, coupled with the government’s decision to establish a girl’s hostel in every district to enhance educational access is also a welcome step that strengthens medium- to long-term demand visibility across infrastructure and industrial projects.”

Mr. Ravikant Uppal holds a bachelor’s degree in mechanical engineering from Indian Institute of Technology, Delhi and a post-graduate diploma in business administration from Indian Institute of Management Ahmedabad. He is also a graduate in advanced management program from the Wharton School, University of Pennsylvania. He is primarily responsible for managing overall administration, procurement, production, marketing, operations and strategic direction of our Company. He has over 42 years of experience in engineering and infrastructure. He was previously associated with Jindal Steel and Power Limited as a managing director and with Larsen and Toubro Limited as the whole-time director. He was also member of group executive committee at ABB Group. Additionally, he was the managing director of ABB India Limited. He was the managing director of Volvo Group in India.