The top five steel companies, Tata Steel, JSW Steel, JSPL, AMNS India, and SAIL, dominate the list of production-linked incentive (PLI) qualifiers for speciality steel. In addition, Gallant Metalliks, Shyam Metalics Flat Products, and Sunflag Iron and Steel have been chosen to invest under the PLI scheme. The government has announced that it had shortlisted 67 of 79 applications for the PLI scheme for speciality steel, with an investment potential of Rs 425 billion. The proposed investments are expected to create 70,000 new jobs and 26 million tonne of speciality steel capacity in the country. Tata Steel has applied to manufacture seven types of speciality steel products, while JSW Steel has applied for six. Jindal Steel Odisha, a subsidiary of Jindal Steel and Power, received the most entries to manufacture eight different types of speciality steel products.
