Production Linked Incentive (PLI) Scheme for specialty steel was launched with the objective of attracting investment to boost the production of value-added steel in the country. Steel is deregulated sector and decisions such as investment, production are based on techno-commercial considerations of the industry. Participating companies committed to an investment of Rs. 27,106 crore out of which Rs.18,848 crore has been achieved till December, 2024. The production of specialty steel up to December, 2024 is 1,258,000 tonnes.

This information was given by the Minister of State for Steel and Heavy Industries, Shri Bhupathiraju Srinivasa Varma in a written reply in the Rajya Sabha today.

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TPJ/NJ