Jindal Stainless Signs PLI One Point Two Agreement

18 Feb 2026 CW Team

The Union Steel Minister HD Kumaraswamy launched the third round of the Production Linked Incentive scheme for speciality steel earlier this week. The scheme is aimed at adding eight point seven mn t of upgraded alloy steel capacity across the country. It is designed to incentivise domestic production, encourage higher value addition and reduce dependence on imports for specialised grades. Officials expect phased implementation to allow industry adaptation.

JSL's managing director Abhyuday Jindal said the policy aims to add special steel capacity in India and make the country self-sufficient in special grades. He noted that demand for high-quality stainless steel is rising in sectors such as infrastructure, clean energy systems, railways, urban mobility, automobiles and industrial equipment. These end-uses require materials with enhanced corrosion resistance, strength and longevity, which the company expects to address through the new capacities.

The agreement is expected to support JSL's plans to increase production of higher-value products and to strengthen domestic supply chains. The company is India's largest stainless steel manufacturer and the move aligns with broader efforts to develop local manufacturing capability and reduce import dependence. The development is projected to bolster the company's competitiveness in both domestic and export markets while supporting investment and job opportunities across related industries and downstream suppliers. Regulatory clarity and timely disbursement of incentives will be important for outcomes.

Jindal Stainless Ltd (JSL) has signed an agreement with the Ministry of Steel under the newly launched Production Linked Incentive (PLI) One Point Two scheme for speciality steel. The company will undertake capacity augmentation and add new capacities for value-added products, including specialised alloys and forged products. The agreement is intended to support both upgrades at existing facilities and the introduction of additional manufacturing lines to produce higher-grade outputs. The Union Steel Minister HD Kumaraswamy launched the third round of the Production Linked Incentive scheme for speciality steel earlier this week. The scheme is aimed at adding eight point seven mn t of upgraded alloy steel capacity across the country. It is designed to incentivise domestic production, encourage higher value addition and reduce dependence on imports for specialised grades. Officials expect phased implementation to allow industry adaptation. JSL's managing director Abhyuday Jindal said the policy aims to add special steel capacity in India and make the country self-sufficient in special grades. He noted that demand for high-quality stainless steel is rising in sectors such as infrastructure, clean energy systems, railways, urban mobility, automobiles and industrial equipment. These end-uses require materials with enhanced corrosion resistance, strength and longevity, which the company expects to address through the new capacities. The agreement is expected to support JSL's plans to increase production of higher-value products and to strengthen domestic supply chains. The company is India's largest stainless steel manufacturer and the move aligns with broader efforts to develop local manufacturing capability and reduce import dependence. The development is projected to bolster the company's competitiveness in both domestic and export markets while supporting investment and job opportunities across related industries and downstream suppliers. Regulatory clarity and timely disbursement of incentives will be important for outcomes.

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

Real Estate

29 Jul 2026

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Equipment

29 Jul 2026

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..