New Delhi, Feb. 10 -- The Ministry of Steel has signed Memoranda of Understanding (MoUs) for 85 specialty steel projects involving 55 companies under the Production-Linked Incentive (PLI) Scheme 1.2 (third round), with a total committed investment of Rs11,887 crore.

The MoU signing ceremony was held at Vigyan Bhawan, New Delhi, on February 9, 2026, in the presence of Union Minister for Steel and Heavy Industries H.D. Kumaraswamy and senior officials of the Ministry.

Under this round of the PLI scheme, participating companies have committed to creating 8.7 million tonnes of downstream specialty steel and alloy-making capacity, significantly strengthening India's high-value steel manufacturing ecosystem.

The launch of PLI Scheme 1.2 mark...