Sambhv Steel Tubes Enters MoU with Ministry of Steel for PLI Scheme

Sambhv Steel Tubes Limited and its wholly owned subsidiary Sambhv Tubes Private Limited have entered into a Memorandum of Understanding (MoU) with the Ministry of Steel (MoS), Government of India for the Production Linked Incentive (PLI) Scheme 1.2 for Specialty Steel. The company will undertake capacity addition for manufacturing Thin Precision Gauge Stainless Steel Sheets with a committed unit capacity of 116000 tonnes per year and total committed investment of 7181.75 Crores. Sambhv Tubes Private Limited will also participate in the PLI Scheme by manufacturing alloy steel including stainless steel rolled long products, with a committed unit capacity of 24,000 tonnes per annum and a total committed investment of 7180 Crores.