Bansal Wire’s subsidiary has signed an MoU under PLI Scheme 1.2 to invest INR 70 crore for a 70,000 TPA capacity.
Feb 11, 2026
Bansal Wire Industries Limited’s wholly owned unit, BWI Steel Private Limited, has signed a Memorandum of Understanding (MoU) with the Ministry of Steel under the Government of India’s Production Linked Incentive (PLI) Scheme 1.2 for Specialty Steel.
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Under the agreement, BWI Steel will participate in the PLI 1.2 scheme and has committed to setting up a production capacity of 70,000 tonnes per annum. BWI Steel plans to invest about INR 70 crore over FY2025-26 and FY2026-27 to establish and expand the new facilities, meet targeted production levels, and fulfil PLI scheme conditions.
