Steel Ministry Launches Second Round of PLI Scheme for Steel Industry
‘PLI scheme 1.1’ will add five categories of specialty steel products to the existing scheme, enabling further participation by industry stakeholders. The scheme will remain open from January 6 to 31, 2025, and operate within the amount of INR 6,322 crore. It will be implemented during the production period of 2025-2030. Jan 6, 2025 In […]
New PLI Scheme and Sustainability Take Centre Stage at CII Steel Summit 2024
The Government is bringing another round of PLI to get more interest in the specialty steel business due to the lack of interest in the first round of the scheme. Sep 27, 2024 The Confederation of Indian Industry (CII) hosted the Steel Summit 2024 in New Delhi on September 27, 2024, with notable figures including […]
Indian Steel Industry’s Future: Green Steel Mandatory
Mr. Jyotiraditya Scindia, Union Minister of Steel and Civil Aviation, shared the possibility of mandating green steel manufacturing, and information about MoUs signed towards the specialty steel capacity addition by 25 million tonnes at INR 30,000 crore investment. Mr. Jyotiraditya Scindia, Indian Union Minister of Steel and Civil Aviation, in his recent public address, indicated […]
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 Ltd. (JSPL), part of O.P. Jindal Group, has announced its plans of investing INR 7,930 crore under the PLI scheme for speciality […]
