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 Steel Ministry Convenes ‘Open-House Consultation’ on Import of Steel
The Indian steel ministry has called an open house consultation that will be scheduled on Oct 27, 2025 to discuss various matters on steel imports. Oct 25, 2025 The Indian steel ministry has called an open house consultation session on Oct 27, 2025 where various steel producers and associations can bring their views forward. This […]
Steel Ministry Seeks Doubling of Import Duty on Finished Steel
The Ministry of Steel has asked the Ministry of Finance to double the basic customs duty on imported finished steel products. The custom duty is expected to increase from the current 7.5 percent to 15 percent in the upcoming Union Budget for 2025-26. Dec 31, 2024 In order to protect domestic steel manufacturers from the […]
Maharashtra Seamless Writes Letter to Steel Ministry for Cauvery Basin Casing Pipe Tender Rejection
Maharashtra Seamless wrote to the steel ministry for the redressal of the unfair rejection of its casing pipe tender for the Cauvery basin drilling. In the letter the company claims that it is an “approved source” of specialized steel required in the project and that 40-50 percent of its existing capacity “is idle these days […]
Steel Ministry Aims Fivefold Domestic Capacity by 2047 with New Stainless Steel Policy
The Indian steel ministry is aiming for a 5x jump in the domestic capacity of stainless steel by 2047 with India’s first stainless steel policy in the works. The policy also holds the objective of reducing dependence on China for sourcing nickel, silicon and chromium, which are utilized to make stainless steel. Jul 20, 2023 […]
