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Round 3 of specialty steel PLI scheme launched
Mint New Delhi
|November 05, 2025
Union minister of steel H. D. Kumaraswamy on Tuesday launched the third round of the production-linked incentive (PLI) scheme for speciality steel.
The steel ministry's PLI scheme, approved by the Cabinet in July 2021, has attracted investment commitments worth ₹43,874 crore, and is expected to create 30,760 direct jobs, and produce around 14.3 million tonnes of speciality steel across identified product categories, a statement said. As of September 2025, the firms participating in the first two rounds have invested ₹22,973 crore and created 13,284 jobs.
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