Avtar Steel Ltd. has marked a significant milestone by receiving a Memorandum of Understanding (MoU) under the Government of India’s Production Linked Incentive (PLI) Scheme 1.2 for Specialty Steel, reaffirming its commitment to strengthening domestic steel manufacturing.
Feb 10, 2026
Avtar Steel Ltd. formally received the MoU under the PLI Scheme 1.2 from Shri H. D. Kumaraswamy, Hon’ble Union Minister of Steel and Heavy Industries. The MoU was accepted on behalf of the company by Mr. Ashok Chawla, Chief Financial Officer of Avtar Steel Ltd.
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The participation in PLI Scheme 1.2 represents a strategic step for Avtar Steel as it aligns with the Government of India’s vision to promote specialty steel manufacturing, reduce import dependence, and enhance global competitiveness under the Make in India initiative. The scheme is designed to support investment, technology upgradation, and capacity expansion in downstream steel segments.
