Viraj Profiles has signed an MoU under the PLI scheme, committing INR 280 crore to boost value-added steel manufacturing capabilities.
Feb 10, 2026
Viraj Profiles Pvt. Ltd. has signed a Memorandum of Understanding (MoU) with the Ministry of Steel under the Government of India’s Production Linked Incentive (PLI) scheme, with a planned investment of INR 280 crore.
The investment will be directed toward strengthening technological capabilities, expanding value-added manufacturing, and enhancing India’s position as a global hub for advanced steel products. The initiative aligns with the government’s objective of improving domestic manufacturing competitiveness and promoting innovation-led growth in the steel sector.
Commenting on the development, Rakesh Chauhan, Managing Director, Viraj Profiles Pvt. Ltd., said the PLI framework serves as a catalyst for elevating India’s manufacturing capabilities and global competitiveness, adding that the company is proud to contribute to building a stronger steel ecosystem.
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The MoU underscores Viraj Profiles’ continued commitment to supporting India’s manufacturing growth while developing world-class capabilities for global markets.
