§1Who it is for

  • Companies registered in India doing end-to-end manufacturing of notified specialty steel products

Useful if

Mid-size alloy/stainless/coated steel makers watching for another round.

Do not spend time on it if

Steel traders or fabricators.

§2Eligibility

  1. Companies registered in India engaged in end-to-end manufacturing of the notified products (PIB PLI 1.2).
  2. 22 product sub-categories in four groups: steel grades for strategic sector, commercial grades cat-1 and cat-2, coated & wire products.

§3Benefits

  • Incentive 4% to 15% for five years from FY2025-26; disbursal from FY2026-27 (PLI 1.2).

§4Norms — pattern of assistance

  1. Base year for pricing updated to FY2024-25 (PLI 1.2).
  2. Detailed thresholds in guidelines — see the official guideline.

§5Documents

Not published

The guideline does not list the documents. Ask the portal or bank before you apply — we do not make up lists.

§6How to apply

  1. 1

    Only during a Ministry of Steel round on https://plimos.mecon.co.in.

§7Pros and cons

Merits

  • Ministry has run three rounds (2021, Jan 2025, Nov 2025) — repeat windows are possible.
  • Committed investment ₹43,874 crore across first two rounds (PIB Nov 2025).

Demerits

  • Only ₹236 crore incentive disbursed so far (PIB Feb 2026).
  • 30-day windows are short.

→Related schemes

Need help with PLI Specialty Steel?

Eligibility check, DPR and application file — ask us on WhatsApp.

WhatsApp usServices

Our interestHelp is our paid service. You can also apply for the scheme yourself.

Sources

  1. PIB, 4 Nov 2025: Launch of third round (PLI 1.2) for Specialty Steel
  2. PIB: Minister launches PLI 1.2 for Specialty Steel (application window, eligibility)
  3. PIB, 9 Feb 2026: MoUs for 85 specialty steel projects under PLI 1.2
  4. PIB Cabinet, 11 Nov 2020: PLI for 10 key sectors (outlay table)

Checked on 18 October 2026. For information only — confirm with the department or bank. Spotted a mistake? Report it.