Specialty Steel
Govt selects 67 applications under PLI scheme for specialty steel
New Delhi/IBNS: The government on Friday said it has shortlisted 67 applications from 30 companies under its Rs 6,322-crore production-linked incentives (PLI) scheme for specialty steel.
This will attract committed investment of Rs. 42500 Crore with downstream capacity addition of 26 million tonne and employment generation potential of 70000.
Production Linked Incentive (PLI) Scheme for Specialty Steel was approved by Union Cabinet on 22.07.2021.
A total of 79 applications were received from 35 small and large steel-making companies, committing to an investment of Rs 46,000 crore and downstream capacity addition of 28 million tonne over by 2030.
Primary steelmakers like Steel Authority of India Limited (SAIL), ArcelorMittal Nippon Steel India, Tata Steel and JSW Steel as well as multiple other smaller companies are present in the list of approved applicants, according to an ET report.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
