SAIL lauds PLI scheme for specialty steel

Lauding the Union Cabinet decision to introduce Production-linked Incentive (PLI) scheme for specialty steel, SAIL Chairperson Soma Mondal, Chairman, SAIL, said, “The steel industry has climbed higher on the charts of the world steel production in the recent years and this scheme shall provide additional impetus to the sector to reach greater heights in the future.”

The scheme will have far-reaching positive impact on the domestic steel industry in general and SAIL in specific, she said. “We shall consider the scheme while deciding our next CAPEX cycle and product-mix in the coming times“, she added.

The Chairperson also thanked the Steel Ministry for the scheme, which is aimed at encouraging the production of high-value special steels including import substitutes in the country by incentivising the domestic steel producers.