Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
✅ 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.
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