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Bansal Wire’s Subsidiary Signs MoU with Ministry of Steel under PLI Scheme 1.2 for Specialty Steel

wirecableFebruary 11, 2026February 11, 2026

February 11, 2026February 11, 2026

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......

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Steel Ministry Aims Fivefold Domestic Capacity by 2047 with New Stainless Steel Policy

wirecableAugust 3, 2023August 3, 2023

August 3, 2023August 3, 2023

The Indian steel ministry is aiming for a 5x jump in the domestic capacity of stainless steel by 2047 with India’s first stainless steel policy in the works. The policy also holds the objective of reducing dependence on China for sourcing nickel, silicon and chromium, which are utilized to make......

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Tata Steel Seeks to Steel Ministry – CBAM like Safeguards for Domestic Industries

wirecableJuly 13, 2023July 17, 2023

July 13, 2023July 17, 2023

Tata Steel has written to the Union Steel Ministry seeking a “safeguard mechanism”, similar to CBAM, to be prepared to defend domestic industries towards imports from international locations not subject to carbon regulatory mechanisms. The company also mentioned that CBAM levies will eventually “be compensated through higher prices in the......