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 […]
ISSDA Calls for Protective Measures for Indian Stainless Steel producers Amid FTA With EU
The Indian Stainless Steel Development Association (ISSDA) finds that the India–European Union free trade agreement is a significant step in India’s global trade development, but at the same time wants to protect the interests of the domestic stainless steel producers. Jan 29, 2026 The Indian Stainless Steel Development Association (ISSDA) finds that the India–European Union […]
India Imposes 3-year Tariff on Some Steel Products
The tariffs are between 11-12% on some steel products being imported from China, Vietnam, and Nepal for 3 years. Jan 01, 2026 India has imposed three-year import tariffs between 11-12% on some steel products being imported from China, Vietnam, and Nepal, according to the official government gazette notification issued on December 31, 2025. The tariff […]
Sambhv Steel Tubes Gears for 1.2-Million Tonne Capacity Expansion in Chhattisgarh; Expect to Double Revenue by FY28
Sambhv Steel Tubes Limited is gearing up for the 1.2 million tonne capacity expansion in Kesda, Chhattisgarh for finished-product. Phase 1 involves production of 180,000 tonnes of pipes and tubes, along with 180,000 tonnes of stainless steel, with commissioning scheduled for FY 2026-27. With this new expansion, the company expects to double its revenue by FY28. […]
Chandan Steel Secures NSF/ANSI 61 Certification for Stainless Steel Seamless Pipes and Fittings
Certification strengthens Chandan Steel’s global standing in water-critical applications, ensuring compliance with stringent international water-contact material standards. Dec 22, 2025 Chandan Steel Limited has achieved NSF/ANSI 61 certification for its stainless steel seamless pipes and fittings, marking a significant milestone in its quality and compliance journey. The certification confirms that the company’s products meet rigorous […]
Remi Edelstahl Tubulars Secures INR 62.7 Crore Orders for Stainless Steel Seamless Tubes
Remi Edelstahl Tubulars has won fresh orders worth INR 62.7-crore for stainless steel seamless tubes from a leading thermal power equipment fabricator. Nov 24, 2025 Remi Edelstahl Tubulars Limited has secured orders totalling INR 62.7 crores for the supply of stainless steel seamless tubes. The orders have been placed by a reputed equipment fabricator serving […]
Venus Pipes & Tubes: First in Asia to Adopt Acid Regeneration Plant Technology
Venus Pipes & Tubes strengthens its sustainability push by adopting advanced ARP technology, regenerating acids and reducing environmental impact in stainless-steel manufacturing. The company became one of the first in India to implement this environmentally responsible solution. Nov 19, 2025 Venus Pipes & Tubes Limited has reinforced its commitment to sustainable stainless-steel manufacturing by adopting […]
Outokumpu Secures EUR 800 Million Sustainability-linked Credit Facility
Outokumpu, a stainless steel manufacturer based in Finland, has signed a new EUR 800 million unsecured revolving credit facility, replacing its existing EUR 700 million facility. Nov 13, 2025 Outokumpu has signed an unsecured EUR 800 million revolving credit facility replacing its existing and currently unused unsecured revolving credit facility of EUR 700 million. The […]
