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Jindal Steel and Power to Infuse INR 7,930 crore under PLI Scheme

Being a qualifier under the PLI scheme, Jindal Steel and Power will make HR coil, sheets, and plates API GR which is used in the oil & gas sector.

jindal steel and power
Image Source: Freepik

Jindal Steel and Power Ltd. (JSPL), part of O.P. Jindal Group, has announced its plans of investing INR 7,930 crore under the PLI scheme for speciality steel. The capital will be utilised in the manufacturing of eight different kinds of high-end alloy in India – according to media reports.

JSPL is one of the qualifiers of the government’s Production Linked Incentive (PLI) scheme. The steel manufacturer aspires to increase the output of valueadded steel using new age technologies in the domestic steel sector.

Also Read: JSW Steel Procures Land for Metal Recycling Plant in Maharashtra

As for the details of the alloy grades, Mr. Bimlendra Jha, MD, Jindal Steel and Power, asserted that the company will make “HR coil, sheets and plates API GR which find application in sectors like oil and gas”. The high tensile sheets which the company would be manufacturing under the PLI scheme find applications in structural grade fabrication and the automobile industry, Mr. Jha said.

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