Ministry of Steel Commits to AI-Enabled Modernisation to Support 400 MT Capacity Target by 2035-36
The Ministry of Steel has unveiled a comprehensive roadmap on digital opportunities in the steel sector, targeting an increase in crude steel capacity from 200 million tonnes to 300 million tonnes by 2030- 2031 and further to 400 million tonnes by 2035-2036. Feb 24, 2026 The Ministry of Steel has unveiled a comprehensive roadmap on […]
Jindal Stainless Signs MoU with Ministry of Steel Under PLI 1.2 Scheme
Jindal Stainless signed an MoU with the Ministry of Steel to expand speciality stainless steel capacity under PLI 1.2. Feb 12, 2026 Jindal Stainless has signed a Memorandum of Understanding with the Ministry of Steel, Government of India, under the newly launched Production Linked Incentive (PLI) 1.2 scheme for speciality steel. The agreement marks a […]
SAIL Signs MOU Under PLI 1.2 Scheme for Specialty Steel
At Vigyan Bhawan, New Delhi, the Ministry of Steel and Salem Steel Plant of SAIL have formalised an important partnership under the PLI 1.2 Scheme. Feb 09, 2026 The Ministry of Steel and Salem Steel Plant of SAIL have formalized an important partnership under the PLI 1.2 Scheme. Through this MOU, Salem Steel Plant will […]
Lalbaba Engineering Limited Signs MoU under Government’s PLI 1.2 Scheme for Specialty Steel
Lalbaba Engineering Limited has signed a Memorandum of Understanding under the Government of India’s Production Linked Incentive Scheme 1.2 for specialty steel. The company proposed that a cold finished seamless tube expansion project at Haldia, West Bengal, will be eligible for incentives under the scheme. Feb 10, 2026 Lalbaba Engineering Limited has signed a Memorandum […]
Jayaswal Neco Industries Signs MoU with Ministry of Steel Under PLI Scheme for Specialty Steel Expansion
Jayaswal Neco Industries Limited has signed a Memorandum of Understanding (MoU) with the Ministry of Steel, Government of India, to participate in the Production Linked Incentive (PLI) Scheme 1.2 for Specialty Steel, reinforcing its commitment to capacity augmentation and domestic specialty steel manufacturing. Feb 10, 2026 Jayaswal Neco Industries Limited entered into an MoU with […]
Ministry of Steel Signs MoUs for 85 Specialty Steel Projects Under PLI 1.2, Attracting INR 11,887 Crore Investment
The Ministry of Steel has signed Memoranda of Understanding (MoUs) with 55 companies for 85 specialty steel projects under the third round of the Production-Linked Incentive (PLI) Scheme 1.2, marking a major step towards strengthening India’s domestic specialty steel ecosystem. Feb 10, 2026 The Ministry of Steel signed Memorandum of Understanding (MoUs) for 85 projects […]
Indian government commits USD 45 million to revive Salem Steel Plant of SAIL
Centre approves a USD 45 million infusion to boost capacity, efficiency and revival of Salem Steel Plant, ending earlier privatisation plans. Nov 26, 2025 The Ministry of Steel will invest approximately INR 4,000 million (USD 45 million) in Salem Steel Plant (SSP), a special-steel unit of SAIL, reversing prior plans to privatise the mill. The […]
Ministry of Steel Suspends Enforcement of 55 IS Standards Under Steel Quality Control Order to Support Industry Needs
The ministry has announced that the enforcement of QCO on 42 Indian Standards under the Steel and Steel Products (Quality Control) Order, 2024 has been suspended for three years, and enforcement of QCO on 13 Indian Standards, relating to specialty steel grades covered under PLI 1.2, has been suspended for one year. Nov 21, 2025 […]
BMW Industries Limited Signs MoU with Ministry of Steel to Develop Specialty Steel in Jharkhand
BMW Industries Limited (BMWIL), has signed a Memorandum of Understanding (MoU) with the Ministry of Steel under the Production Linked Incentive (PLI) Scheme 1.1 for Specialty Steel. The MoU was formalized at Vigyan Bhawan, New Delhi. Mar 24, 2025 BMW Industries Limited (BMWIL), a leading manufacturer in the downstream steel sector, has signed a Memorandum […]
Steel Ministry Awaits Finance Ministry Approval For Merger of NMDC & KIOCL
The proposal has been sent to the Department of Public Enterprises (DPE) under the Ministry of Finance. The merger will give NMDC access to KIOCL’s ready-made export oriented unit having production capacity of 4 million TPA. Jan 8, 2025 The Ministry of Steel has proposed a merger of the leading iron-ore producer NMDC with Kudremukh […]
