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

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..