Top five steel companies among others selected for PLI scheme

14 Dec 2022 CW Team

The top five steel companies, Tata Steel, JSW Steel, JSPL, AMNS India, and SAIL, dominate the list of 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 production-linked incentive (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.

According to an official document, 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 Limited, received the most entries to manufacture eight different types of speciality steel products.

ArcelorMittal Nippon Steel (AMNS) India submitted four entries, while the state-owned Steel Authority of India (SAIL) submitted the fewest, with only two speciality steel applications. Tata Steel, JSW Steel, JSPL, AMNS India, and SAIL, along with Rashtriya Ispat Nigam (RINL), account for roughly 60 per cent of total steel production in India.

Also read:
Chenab Valley Power announces global tender for Kwar HEP's E&M work
Demand for electricity across India could rise 7% in FY23

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..