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The top ministry official made the remarks at CII Steel Summit 2024 in the national capital on Friday. In his address, Poundrik said speciality steel is still one area where more is needed to be done. The government brought a PLI to incentivise specialities steel but the offtake was not as expected. So we are bringing another round of PLI so that we can get more interest in the speciality steel business, he said. Later speaking to PTI, the secretary said the government had launched Rs 6,400 crore PLI Scheme for speciality steel, out of that only Rs 2,600 crore could be allocated. Speciality steel is high grades used in sectors like defence, automobile, and electrical among others. \"","author":{"@type":"Person","name":"PTI","url":"https:\/\/www.zeebiz.com\/authors\/pti-1306"},"publisher":{"@type":"NewsMediaOrganization","name":"Zee Business","logo":{"@type":"ImageObject","url":"https:\/\/cdn.zeebiz.com\/html\/images\/zeebiz.png","width":600,"height":60}}} </script><script type="application/ld+json"> {"@context":"https:\/\/schema.org","@type":"Person","name":"PTI","url":"https:\/\/www.zeebiz.com\/authors\/pti-1306","jobTitle":"Writer"} </script><meta name="description" content="The government is working on the another round of the PLI scheme for speciality steel as the response for the first round of the initiative did not meet expectations, according to Steel Secretary Sandeep Poundrik. 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"itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Business News", "item": "https://www.zeebiz.com/" }, { "@type": "ListItem", "position": 2, "name": "Economy & Infra", "item": "https://www.zeebiz.com/economy-infra" }, { "@type": "ListItem", "position": 3, "name": "Government to launch another PLI scheme for speciality steel: Steel Secretary " } ] } </script> <div class="article-start"> <h1 class="article-heading article-heading-biz margin-bt10px">Government to launch another PLI scheme for speciality steel: Steel Secretary </h1> <h2 class="biz-a-sum">The government is working on the another round of the PLI scheme for speciality steel as the response for the first round of the initiative did not meet expectations, according to Steel Secretary Sandeep Poundrik. </h2> <ul class="social-biz"> <li><a 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src="https://cdn.zeebiz.com/sites/default/files/2024/09/27/322462-pipe-18852811280.jpg?im=FitAndFill=(1200,900)" alt="Government to launch another PLI scheme for speciality steel: Steel Secretary "> <div class="black-transparent">The top ministry official made the remarks at CII Steel Summit 2024 in the national capital on Friday. Image: Pixabay</div> </div> </div> <div> <div class="row artposchngbox" style="padding-bottom:20px;"> <div class="col-lg-9 col-md-9 col-sm-12 pad-left sidebar318202 col-md-push-3"> <div class="sidebar-inner"> <div class="article-para">  <script> var c_id = ''; gtag('get', 'UA-75361766-1', 'client_id', (client_id) => { c_id = client_id; }); // CRE Splide Click $("body").on("click", ".splide__slide_tranding", function(){ var itemJSON = {}; itemJSON = itemJSONCompile($(this),"click", c_id); dataLayer.push(itemJSON); //console.log('event fired ', itemJSON); }); // CRE Splide Click left $("body").on("click", ".slider-trending .slick-prev", function(){ var itemJSON = {}; itemJSON = itemJSONCompile($('.splide__slide_tranding.slick-current'),"left", c_id); dataLayer.push(itemJSON); //console.log('event fired ', itemJSON); }); //CRE Splide Click right $("body").on("click", ".slider-trending .slick-next", function(){ var itemJSON = {}; itemJSON = itemJSONCompile($('.splide__slide_tranding.slick-current'),"right", c_id); dataLayer.push(itemJSON); //console.log('event fired ', itemJSON); }); //CRE Splide Click right rec temp commenet start // $("body").on("click", ".splide__slide_recommended", function(){ // var itemJSON = {}; // itemJSON = itemJSONCompile($(this),"clickr", c_id); // dataLayer.push(itemJSON); // //console.log('event fired ', itemJSON); // }); // // CRE Splide Click left // $("body").on("click", ".slider-recommended .slick-prev", function(){ // var itemJSON = {}; // itemJSON = itemJSONCompile($('.splide__slide_recommended.slick-current'),"leftr", c_id); // dataLayer.push(itemJSON); // //console.log('event fired ', itemJSON); // }); // //CRE Splide Click right // $("body").on("click", ".slider-recommended .slick-next", function(){ // var itemJSON = {}; // itemJSON = itemJSONCompile($('.splide__slide_recommended.slick-current'),"rightr", c_id); // dataLayer.push(itemJSON); // //console.log('event fired ', itemJSON); // }); // temp commenet end function itemJSONCompile(itemBind, eventType, c_id){ console.log("eventType", eventType); var itemCount = itemBind.attr("data-count"); var clientId = c_id;//itemBind.attr("data-clientid"); var authorName = 'na'; var postId = itemBind.attr("data-postid"); var articleCat = itemBind.attr("data-Category"); var articleName = itemBind.attr("data-articlename"); var itemJSON = {}; if(eventType == "click"){ if(itemBind.hasClass("splide__slide_tranding")){ itemJSON = { 'event':'cre_article_click', 'eventCategory':'CRE', 'eventAction':'cre_article_click', 'eventLabel': itemCount, 'Client_ID': clientId, 'author_name': authorName, 'section':'Trending Now', 'postID': postId, 'publish_date':'na', 'article_category': articleCat, 'article_name': articleName, 'widget_position': 'Top' }; } } else if(eventType == "left"){ if(itemBind.hasClass("splide__slide_tranding")){ itemJSON = { 'event':'cre_arrow_click', 'eventCategory':'CRE', 'eventAction':'cre_arrow_click', 'eventLabel': 'left', 'Client_ID': clientId, 'author_name': authorName, 'section':'Trending Now', 'postID': postId, 'publish_date':'na', 'article_category': articleCat, 'article_name': articleName, 'widget_position': 'Top' } } } else if(eventType == "right"){ if(itemBind.hasClass("splide__slide_tranding")){ itemJSON = { 'event':'cre_arrow_click', 'eventCategory':'CRE', 'eventAction':'cre_arrow_click', 'eventLabel': 'right', 'Client_ID': clientId, 'author_name': authorName, 'section':'Trending Now', 'postID': postId, 'publish_date':'na', 'article_category': articleCat, 'article_name': articleName, 'widget_position': 'Top' } } } return itemJSON; } </script>  <div id="fieldcontent" class="star318202"><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p>The government is working on the another round of the PLI scheme for speciality steel as the response for the first round of the initiative did not meet expectations, according to Steel Secretary Sandeep Poundrik. The top ministry official made the remarks at CII Steel Summit 2024 in the national capital on Friday.</p><div class='block margin-bt30px adATF'><div id='div-gpt-ad-AS-Inarticle-1'></div><script> googletag.cmd.push(function() { googletag.defineSlot('/11440465/Zeebiz_Web/Zeebiz_AS_Inarticle_1_300x250', [300, 250], 'div-gpt-ad-AS-Inarticle-1').addService(googletag.pubads()); googletag.display('div-gpt-ad-AS-Inarticle-1'); }); </script></div></p> <p>In his address, Poundrik said speciality steel is still one area where more is needed to be done. The government brought a PLI to incentivise specialities steel but the offtake was not as expected.</p><div id='v-zeebiz-v0'></div></p> <p>"So we are bringing another round of PLI so that we can get more interest in the speciality steel business," he said.</p> <p>Later speaking to PTI, the secretary said the government had launched Rs 6,400 crore PLI Scheme for speciality steel, out of that only Rs 2,600 crore could be allocated.</p> <p>Speciality steel is high grades used in sectors like defence, automobile, and electrical among others.</p> </div></div></div></div>  <p><i> Get <a href="https://www.zeebiz.com"><strong>Latest Business News</strong></a>, <a href="https://www.zeebiz.com/india/markets"><strong>Stock Market</strong></a> Updates and <a href="https://www.zeebiz.com/videos"><strong>Videos</strong></a>; Check your tax outgo through <a href="https://www.zeebiz.com/personal-finance/income-tax-calculator"><strong>Income Tax Calculator</strong></a> and save money through our <a href="https://www.zeebiz.com/personal-finance"><strong>Personal Finance</strong></a> coverage. 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