Firms seek expansion of speciality steel products covered under PLI 1.1

Speciality steel manufacturers have sought inclusion of value-added products such as wires, bright bars, and stainless-steel components for defence under the next version of the production-linked incentive (PLI) scheme for speciality steel, multiple people aware of the development said.

The government has begun discussions on widening the PLI for speciality steel, they said.



"Some companies want value-added products that are not covered under current PLI to be covered under PLI 1.1," one of the persons said.


The ministry had called a meeting with the industry on Tuesday for their inputs. It was attended by representatives of companies including L&T Special Steels and Heavy Forging, Jindal Steel, and Mukand Sumi Special Steel, sources said. Companies are now likely to make a detailed submission by Friday, suggesting product details that should be included in the scheme, a government official told ET.