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 […]
Avtar Steel Receives MoU Under PLI Scheme 1.2 for Specialty Steel
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. […]
Sambhv Steel Tubes, Subsidiary Sign MoUs with Ministry of Steel Under PLI 1.2 Scheme
Under India’s PLI Scheme 1.2 for specialty steel, Sambhv Steel Tubes and its subsidiary have committed about INR 362 crore to expand stainless and alloy steel production capacity. Feb 09, 2026 Sambhv Steel Tubes Limited and its wholly owned unit Sambhv Tubes Private Limited have signed separate Memoranda of Understanding (MoUs) with the Ministry of […]
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 […]
Shyam Metalics Announces INR 10,000 Crore Expansion Plan to Double Its Capacity
Shyam Metalics and Energy (SMEL) has announced a INR 10,000 crore expenditure plan to more than double its revenue to INR 40,000 crore under its ‘Vision 2031’ strategy. Oct 17, 2025 Shyam Metalics and Energy (SMEL) has announced a INR 10,000 crore capital expenditure plan to more than double its revenue to INR 40,000 crore […]
Mukand Sumi Special Steel to Invest INR 2,345 Crore in Karnataka Greenfield Plant
Mukand Sumi Special Steel announces INR 2,345 crore investment in a greenfield Karnataka plant, boosting specialty steel capacity with sustainable manufacturing. Sep 2, 2025 Mukand Sumi Special Steel Limited (MSSSL), a joint venture between the Bajaj Group’s Jamnalal Sons Pvt Ltd and Japan’s Sumitomo Corporation, has announced plans to set up a INR 2,345 crore […]
