Sambhv Steel Tubes Signs PLI Scheme MoU with Ministry of Steel
Sambhv Steel Tubes and its subsidiary signed an MoU with the Ministry of Steel for the PLI Scheme 1.2 for Specialty Steel. The company committed an investment of ₹181.75 Crores for Thin Precision Gauge Stainless Steel Sheets, and the subsidiary committed ₹180 Crores for alloy steel products. Investments are planned between FY2025-26 and FY2027-28.
The MoU involves significant investment commitments and capacity additions, which are expected to positively impact the company's future production and market position. However, the full impact will depend on the successful implementation of the PLI scheme and the company's operational performance.
The signing of an MoU with the Ministry of Steel for a PLI scheme signifies a positive step towards capacity expansion and investment in specialty steel manufacturing, likely to boost the company's growth prospects.
Sambhv Steel Tubes Limited, along with its wholly-owned subsidiary Sambhv Tubes Private Limited, has entered into a Memorandum of Understanding (MoU) with the Ministry of Steel (MoS), Government of India. The agreement, signed on February 09, 2026, pertains to the Production Linked Incentive (PLI) Scheme 1.2 for Specialty Steel.
Under the MoU, Sambhv Steel Tubes Limited will participate in the PLI scheme by undertaking capacity addition for manufacturing Thin Precision Gauge Stainless Steel Sheets. This involves a committed unit capacity of 116,000 tonnes per year and a total committed investment of ₹181.75 Crores. The investment is planned for the financial years 2025-26 to 2027-28, aimed at establishing and augmenting manufacturing facilities, achieving production targets, and complying with the PLI scheme's guidelines.
Furthermore, Sambhv Tubes Private Limited will also participate in the PLI Scheme 1.2 for Specialty Steel by adding capacity for alloy steel, including stainless steel rolled long products. This will involve a committed unit capacity of 24,000 tonnes per annum and a total committed investment of ₹180 Crores, also planned for the financial years 2025-26 to 2027-28.
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Sambhv Steel Tubes Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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