Production Linked Incentive (PLI) Scheme for Specialty Steel
Five Product Categories and further sub-divided into 19 product sub-categories.
1, Coated/Plated Steel Products
2. High-Strength/Wear resistant Steel
3. Specialty Rails
4. Alloy Steel Products and Steel Wires
5. Electrical Steel
Tenure of Scheme:
Five Year is tenure of Scheme which is divided into two segment tenure for production year and tenure for incentive disbursement year:
As per Scheme: Tenure for Production year: FY 2023-24 to FY 2027-28
Tenure for Incentive disbursement year: FY 2024 – 25 to FY 2028-29
In the case of specific product categories, the initial year deferred by two (2) years.
Companies or JV, registered in India under the Companies Act 2013, ensuring end-to-end manufacturing of applied product sub-category domestically, where the input material is melted and poured within the country using iron ore/ scrap/ sponge iron/pellets, etc.
Third party outsourcing is allowed up to 20% of value addition
Net worth of applicant ≥ 30% of Committed investment (FY preceding Application submission year).
Committed Investment ≥ Threshold investment.
Minimum unit capacity to be installed as per Annexure-III.
Committed rate of incremental production (%) ≥ Threshold incremental production rate (%).
Flexibility provided for installation of more than 1 unit by same company.
Sub-Category Wise Company Selected:
No of Company
Alloy Steel: Bearing Steel
Alloy Steel: Tool and Die Steel
Alloy Steel: Valve Steel
Al-Zn coated (Galvalume)
Auto Gr Steel AHSS (CRCA)
Automotive powertrain steel
C - Class Zinc Coated Wire
Coated/Plated products of Metallic/Non-Metallic alloys
Head Hardened rails
High Tensile Sheets, Coil, Plates, YS>=450
HR Coil, Sheets and Plates API Gr 52<=X<=70
Oil Tempered Spring Steel Wire
Precipitation Hardened Stainless Steel
Sub-Category/ Selected Company
Tin mill Products
Tyre Bead wire
Tyre Cord (Brass Coated)
Zinc - Aluminium Coated Wire