JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
✅ Major beneficiaries: SAIL, Tata Steel, AM/NS India, JSW Steel, and JSPL.
✅ Investment inflow: ₹17,000 crore under PLI 1.1.
✅ Focus: High-end steel production, self-reliance, and export expansion.
✅ Impact: Strengthens India's steel manufacturing ecosystem and reduces reliance on imports.
The Indian government's Production-Linked Incentive (PLI) 1.1 scheme for specialty steel has attracted major steel players, including SAIL, Tata Steel, AM/NS India, JSW Steel, and JSPL, reinforcing India's position in the global steel market.
Under the latest phase of the PLI scheme, aimed at enhancing domestic manufacturing of high-grade specialty steel, 42 MoUs have been signed, committing ₹17,000 crore in investments. The move is expected to significantly reduce import dependency while improving India's steel sector competitiveness.
Also Read : JSW Steel’s February Crude Steel Output Falls to 23.66 Lakh Tonnes Steel Slowdown: France Records 11.3% Drop in Import Value
Industry experts and market analysts say that India now has the chance to increase its exports of st...
Ferrous 17-May-2024
Due to the sudden and recent boom, the global steel market is currently in a severe downturn as the...
Business 12-Aug-2024
The Directorate General of Trade Remedies (DGTR) has recommended a five-year anti-dumping duty on im...
India 23-Sep-2025
In the fiscal year 2023, India's energy subsidies have surged to a record ₹3.2 lakh crore ($39.3 bil...
Energy 13-Mar-2024
✔️ Potential US tariffs threaten Indian steel and aluminum exports.✔️ Exporters may seek alternative...
Business 26-Mar-2025
Mahindra Group plans to invest ₹12 billion in India to build 150 MW of hybrid solar and wind energy...
Large Corporate 15-Apr-2024