Ministry: Ministry Of Steel
under this scheme to promote domestic manufacturing of specialty steel by encouraging incremental investment, increasing production of value-added steel, enhancing technological capabilities, and reducing import dependence while generating employment.
The applicant must be a company registered in India under the Companies Act, 2013, engaged in the manufacture of identified specialty steel grades, ensuring end-to-end domestic manufacturing wherein input material is melted and poured within the country.
A maximum of 20% of the total value addition may be undertaken through third parties; however, the incentive shall be claimed only by the company manufacturing the eligible end product sub-category.
The net worth of the applicant company, including that of its group companies, shall not be less than 30% of the total committed investment, based on audited financial statements of the immediately preceding financial year.
In the case of new companies or group companies incorporated after 31/03/2025, the net worth shall be at least 30% of the total committed investment prior to the date of application submission.Where an applicant applies for multiple product sub-categories, the net worth requirement shall be evaluated with reference to the total committed investment across all applied sub-categories.
The applicant must meet the prescribed minimum threshold values for incremental production, capacity, and investment as specified under the scheme guidelines.
Only those investments classified as eligible under the prescribed provisions shall be considered for the purpose of calculating investment.
An eligible company may avail benefits under other schemes, subject to applicable provisions; however, the same investment and sales shall not be considered for incentives under other PLI schemes.
Companies availing benefits under this scheme are not restricted from applying to PLI schemes of other Ministries or Departments for products not covered under this scheme.
Projects that have received or are expected to receive incentives under previous rounds of the PLI Scheme for Specialty Steel shall not be eligible to participate in the current round.
✦ Required ◦ Optional
Step 1 : The applicant shall access the official PLI portal and open the online registration page.
Step 2 : The applicant shall enter company details, including Company Name, Corporate Identification Number (CIN), and Incorporation Date.
Step 3 : The applicant shall provide details of the authorized contact person, including name, designation, mobile number, and email ID.
Step 4 : The applicant shall create and confirm a password as per the prescribed requirements.
Step 5 : The applicant shall enter the captcha code and submit the registration form.
Step 6 : Upon successful submission, a unique registration linked to the CIN shall be created, and only one registration per CIN shall be permitted.
Step 7 : The registered mobile number and email ID shall be used for all future communications and login purposes.
Step 8 : The applicant shall log in using the registered CIN and password to proceed with the application process.
Note Points
