Steelmakers including SAIL, Tata Steel, and JSW Steel commit Rs 17,000 crore for the specialty steel production under the PLI 1.1 scheme. With investments to boost domestic manufacturing, the initiative offers incentives and aims at achieving higher output for niche sectors by 2029-30.
Tata Steel is an India-based multinational metals company that manufactures and distributes steel products for industries such as automotive and construction.