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Third Round (PLI 1.2) of Specialty Steel Scheme
November 23 , 2025
15 hrs 0 min
14
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- The Ministry of Steel launched the Third Round (PLI 1.2) of the Production Linked Incentive (PLI) Scheme for Specialty Steel in New Delhi.
- The scheme was approved in July 2021 with a total outlay of ₹6,322 crore.
- Its aim is to make India a global hub for high-value and advanced steel production.
- The scheme encourages incremental production and investment in 22 specialty steel products.
- Some covered products are super alloys, stainless steel, titanium alloys, alloy forgings, CRGO, and coated steels.
- Incentive rates range from 4% to 15% for five years starting FY 2025–26, with payments starting FY 2026–27.
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