The government is hoping to see an investment of Rs 15,900 crore under the PLI scheme for specialty steel against an investment commitment of Rs 21,000 crore in FY24, the steel ministry said in a statement.
In November, the index of eight core industries was 7.9%.
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The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).
The Centre has restored the status quo as was prevailing prior to May 22 and withdrawn the export duty on iron ore lumps and fines below 58 Fe content, iron ore pellets, and the specified steel products, including pig iron.
Similar to the preparation done for the earlier two waves, the company is geared up to address the challenge this time around, by providing facilities in health care, safety, access control, transport and administration fronts to contain the spread of the virus. 99% of its employees are already double vaccinated through the various drives undertaken by the company.
As per the PLI scheme for Domestic Production of Speciality Steel, the Centre has approved incentives of around Rs 6,322 crore to companies that would set up their Speciality Steel production unit in India.
JSPL reported monthly steel production of 6.5 lakh tonnes in July, up 8 per cent Y-o-Y as compared to 6.03 lakh tonnes during the same month in the previous year.
RSP had supplied high tensile structural grade E410C plates from its New Plate Mill in the thickness 12 to 40 mm for the construction of the bridge over a period of one and a half years.
Currently, RINL is being headed by P K Rath, who is scheduled to retire in May 2021.
