Centre Begins Third Round of PLI Scheme for Speciality Steel Manufacturing

Centre begins third round of PLI scheme for speciality steel manufacturing

Only companies registered in India and engaged in the end-to-end manufacturing of the notified products will be eligible to apply for incentives.

Union Minister H.D.Kumaraswamy Launches 3rd Round of PLI Scheme for Speciality Steel

In November 2025, Union Minister H.D.Kumaraswamy, Ministry of Steel (MoS), has officially launched the third round of PLI scheme for Specialty Steel (PLI scheme 1.2) to bolster domestic production of high-value, advanced steel products. This initiative support ‘Atmanirbhar Bharat’ by cutting imports and making India a global specialty steel hub. Exam Hints: What? Launch of PLI 1.2 By: […] The post Union Minister H.D.Kumaraswamy Launches 3rd Roun…

PLI 1.2 Launched to Boost Specialty Steel Innovation - SMEVENTURE

In a major boost to India’s industrial transformation, Union Minister for Steel and Heavy Industries H.D. Kumaraswamy launched the third round — PLI 1.2 — of the Production Linked Incentive (PLI) Scheme for Specialty Steel on November 4, 2025. The scheme, aimed at driving innovation, export-led growth, and job creation, marks the next chapter in India’s ambition to become a global leader in high-grade steel manufacturing and self-reliance under …

Manufacturing: 3rd Specialty Steel PLI launched

Incentives range from 4% to 15% of incremental sales Minister of Steel and Heavy Industries H.D. Kumaraswamy has launched the third round of PLI scheme for Specialty Steel, following on the success of the first two rounds which have secured investments of Rs.22,973 crore as of Sept 2025 http://steel.gov.in. The PLI scheme has so far […] Source

Govt launches 3rd round of PLI scheme for speciality steel to attract investment

New Delhi: Union Steel Minister HD Kumaraswamy on Tuesday launched the third round of Production Linked Incentive (PLI) Scheme for speciality steel to attract investment in the sector, as part of the government’s aim to boost domestic output and reduce imports. The minister launched the third round of the PLI scheme named ‘PLI 1.2’ for speciality steel at a function held here. The PLI scheme for speciality steel was approved by the Union Cabinet…

Union Minister of Steel and Heavy Industries H.D. Kumaraswamy launched the third round of PLI scheme for Specialty Steel

By Our Correspondent NEW DELHI: Union Minister of Steel and Heavy Industries Shri H.D. Kumaraswamy launched the third round of PLI scheme for Specialty Steel. Steel Ministry’s PLI scheme has so far attracted a commitment in investment of ₹43,874 crores, direct employment of 30,760 people and estimated production of 14.3 million tonnes of ‘Specialty Steel’ identified in the scheme. As of September 2025, participating companies in the first two ro…