Overview
- Union Steel Minister H. D. Kumaraswamy launched “PLI 1.2” in New Delhi, opening a 30‑day application window for eligible manufacturers.
- Only companies registered in India that conduct end‑to‑end manufacturing of the notified products are eligible to apply.
- The round covers 22 sub‑categories—including super alloys, CRGO, stainless long and flat, titanium alloys and coated steels—focused on strategic industrial uses.
- Incentives of 4%–15% apply to incremental sales for up to five years beginning FY2025–26, with disbursal from FY2026–27 and the pricing base year reset to FY2024–25.
- Earlier rounds drew ₹43,874 crore in commitments, with ₹22,973 crore already invested and about 13,000 jobs created, and an expected 14.3 million tonnes of speciality steel capacity.