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  • Writer's pictureGDV Consultancy

Production Linked Incentive (PLI) Scheme for Specialty Steel



Target Segment:

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.


Eligibility Criteria:

  • 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:

Sr No

Sub-Category

No of Company

1

Alloy Steel: Bearing Steel

6

2

Alloy Steel: Tool and Die Steel

5

3

Alloy Steel: Valve Steel

3

4

Al-Zn coated (Galvalume)

3

5

Asymmetric Rails

2

6

Auto Gr Steel AHSS (CRCA)

2

7

Automotive powertrain steel

6

8

C - Class Zinc Coated Wire

1

9

Coated/Plated products of Metallic/Non-Metallic alloys

6

10

Colour Coated

3

11

CRGO

1

12

CRNO

2

13

​Galvanneal/GI-Auto-Gr

2

14

​Head Hardened rails

1

15

​High Tensile Sheets, Coil, Plates, YS>=450

3

16

HR Coil, Sheets and Plates API Gr 52<=X<=70

3

17

Oil Tempered Spring Steel Wire

2

18

Precipitation Hardened Stainless Steel

1

19

Sub-Category/ Selected Company

2

20

Tin mill Products

4

21

Tyre Bead wire

6

22

Tyre Cord (Brass Coated)

2

23

Zinc - Aluminium Coated Wire

1

24

Grand Total

67

Company Wise in Sub-Category:







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