Home » Steel » Ministry of Steel Select 67 Applications under PLI scheme for Speciality Steel

Ministry of Steel Select 67 Applications under PLI scheme for Speciality Steel

Production Linked Incentive (PLI) Scheme for Specialty Steel was approved by Union Cabinet on 22.07.2021, with a five-year financial outlay of Rs. 6322 Crore to promote the manufacturing of ‘Specialty Steel’ within the country by attracting capital investment, generate employment and promote technology up-gradation in the steel sector. The Scheme was Notified in the official Gazette on 29.7.2021 and detailed Scheme Guidelines were published on 20.10.2021.

The application window for participation in the PLI scheme was closed on 15.09.2022. A total of 79 applications were received from 35 small and large steel-making companies, committing to investment of Rs.46,000 Crore and downstream capacity addition of 28 million tonne over by 2030.

67 applications from 30 companies have been selected. This will attract committed investment of Rs. 42500 Crore with a downstream capacity addition of 26 million tonne and employment generation potential of 70000.

About IIPnews

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Roadmap for Utilization of Plastic Waste by the steel sector be prepared by SRTMI within one month; Shri Ram Chandra Prasad Singh

The Union Steel Minister, Shri Ram Chandra Prasad Singh convened a meeting with the senior ...

New Market to Maximise the Sales of Steel by SAIL and RINL

Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL) are focused on ...

National Steel Policy

National Steel Policy, 2017 envisages development of a technologically advanced and globally competitive steel industry ...

New Sponge Iron Industries

The details of State/Union Territory wise number of sponge iron plants operational during FY 2020-21 ...

Index of Eight Core Industries (Base: 2011-12=100) for October, 2021

The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT) is ...

Special Emphasis on Infrastructure Development for Steel

The Government has laid special emphasis on infrastructure development through schemes like National Infrastructure Pipeline ...

SAIL Supplies 48,200 Tonnes of Steel for Purvanchal Expressway

Steel Authority of India Ltd. (SAIL), CPSE under the Ministry of Steel has supplied 48,200 ...

Total Steel Production Capacity in the Country at Present is 143.91 Million Tonnes

The total steel production capacity of the country at present is 143.91 million tonnes. The ...

10.78 Million Ton Total Finished Steel Exported in 2020-21

Details of export of finished steel as compared to imports is given as follows: – ...

Steel Minister Shri Ram Chandra Prasad Singh holds the performance review meeting of RINL, MSTC, KIOCL AND MOIL

Union Minister of Steel Shri Ram Chandra Prasad Singh,along with Shri Faggan Singh Khulaste, MoS,today ...

WP2Social Auto Publish Powered By : XYZScripts.com