Other major steel
makers who have been selected under India’s PLI scheme include JSW Steel and
Arcelor Mittal Nippon Steel
India’s
production linked incentive (PLI) scheme for specialty steel-making has received
eight specific proposals from Jindal Steel and Power Ltd (JSPL)– the highest by
any company; followed by Tata Steel which has submitted proposals in seven
categories, Union Steel Ministry sources said.
According to an official, JSPL has committed nearly ₹7,930 crore
under the scheme through its Odisha-based subsidiary Jindal Steel, Odisha.
The other major steel makers who have been selected under India’s
PLI scheme include JSW Steel – which has applications in six specialty steel
making categories and followed by Arcelor Mittal Nippon Steel (AMNS) that has
proposals in four of the eight categories.
PSU-major SAIL has applications in two categories of speciality
steel-making.
Push for downstream offerings
The official said, one of the eight-odd grades of specialty-steel
making in which JSPL has expressed interest is the hot rolled coils, sheets and
plate-making of API grade, that finds usage in oil and gas projects.
Investments have been proposed (by JSPL) towards making of high
tensile sheet, coil and plate-making that are used in auto industry, structural
fabrication and so on.
Other grades of specialty steel-making that will target the auto
industry include cold rolled coated products; and high end auto-grade steel
(also called AHSS or advanced high grade specialty steel).
In the downstream segment, there has been interest from JSPL and
some others in making tin mill products (used tins and food packaging).
There are proposals for investments in: coated and plated products
of metallic or non-metallic alloys that are generally used in white goods
manufacturing; galvalume-making (coating consisting of zinc, aluminum and
silicon used to protect metals from oxidation) and colour coated steels – both
of which are used in roof-making; and in consumer durables like air
conditioning and LED lights.
“India’s production of these downstream offerings is quite low and
these are mostly imported. Moreover, in flat steel, there are just four big
players that include JSW, AMNS, Tata and SAIL,” the official said.