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PLI scheme: 57 MoUs for specialty steel were signed with 27 companies

Under the PLI scheme, the government has approved Rs 63.22 billion.

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The Ministry of Steel signed 57 Memoranda of Understanding (MoU) for specialty steel under the Production Linked Incentive (PLI) Plan with 27 firms.

The government has given Rs 63.22 billion under the PLI scheme to revitalise the steel industry.

Jyotiraditya Scindia, Union minister for Steel, praised the PLI Scheme for specialty steel participants’ initiatives after the contracts were signed.

According to the minister, the PLI programme is anticipated to result in an investment of around Rs 300 billion and the addition of roughly 25 million tonnes of specialty steel production capacity over the course of the following five years.

In addition to helping the country reach its goal of becoming the third-largest economy by the years 2030–31, this will also offer excellent chances for the development of both direct and indirect jobs. This is in line with Prime Minister Narendra Modi’s resolve and determination.

The minister claimed that an international structural shift from the West to the East has made India the centre of the development and expansion of the steel industry. India is poised to become a global leader in manufacturing, increasing the share of steel in the GDP from 2 to 5%.

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Tenova to Supply Galvanising Line for PT Tata Metal Lestari

Tenova will provide a hot dip galvanising line for Indonesia’s PT Tata Metal Lestari.

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Tenova, a leading developer and provider of sustainable solutions for the green transition of the metals industry, has signed a contract with PT Tata Metal Lestari, one of Indonesia’s premium manufacturers of painted and coated steel products, and part of the global steel group Tatalogam, for the supply of a new hot dip galvanizing line for zinc aluminium magnesium alloy coated coils. 
The new line, able to process Al-Zn, Al-Zn-Mg, and Zn-Al-Mg coated coils; will be installed on the premises of Tata Metal Lestari’s Sadang Plant in Cijaya, Kabupaten Purwakarta, Indonesia, with an annual capacity of 250,000 tonne. 
The scope of work includes the engineering, supply, and supervision of a complete set of equipment for the hot dip galvanizing line, including advanced level 2 electrical and automation systems, specifically developed by Tenova Italimpianti, a well-known Tenova brand and leader in technologies for reheating, heat treatment, strip processing, acid regeneration plants and cold rolling mills. 
The new hot dip galvanizing line will produce first-class products with optimal surface quality and strip purity, thanks to the cleaning section, which removes surface contaminations, and to a combination of mechanical, hydrodynamic, and chemical processes. The furnace is designed to strictly separate the furnace atmosphere, the combustion process, and the ambient environment, preventing deterioration in the surface condition of the strip during heat treatment. The air knife systems also contribute to providing optimal quality for galvanized surfaces and the inline skin pass mill is designed to finish the coated surface with a controlled surface imprint, improving the strip shape.
“Thanks to this new project, PT Tata Metal Lestari will become a leading producer of aluminium, zinc and magnesium alloy coated steel coils for Indonesia and a reference point for the Western market,” stated Stephanus Koeswandi, CEO at PT Tata Metal Lestari. “We are pleased to collaborate with Tenova on this achievement, recognizing its expertise and capabilities in delivering customized and advanced technical solutions.” 
“The concept design of PT Tata Metal Lestari’s line perfectly combines the highest technology for the production of Al-Zn, Al-Zn-Mg, and Zn-Al-Mg coated coils with up-to-date customized operational processes,” added Giuseppe Zanzi, Chief Representative Officer, South East Asia and Oceania at Tenova. “This new line can guarantee high quality and stable production, together with the flexibility to use three types of zinc, aluminium and magnesium alloys coatings.”

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Walplast Expands HomeSure MasterTouch Line

It is a high-quality yet affordable wall paint

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Walplast Products, a leading manufacturer of building and construction materials, has unveiled the expansion of its esteemed HomeSure MasterTouch portfolio with the launch of the new HomeSure MasterTouch Lush (Interior & Exterior Emulsion) and HomeSure MasterTouch Prime (Interior & Exterior Primer). These new offerings are strategically positioned as high-quality, yet affordable, high-performance solutions designed to enable individuals to achieve their dream of beautiful homes and “Elevating Lifestyles” (Raho Shaan Se).

The HomeSure MasterTouch Lush Interior Emulsion is a high-quality yet affordable wall paint that delivers best-in-class coverage and an aesthetically appealing, durable finish. Formulated with premium pigments and acrylic binders, it ensures excellent coverage, colour retention, and resistance to fungus, making it an ideal choice for homeowners seeking durability and value. Meanwhile, the HomeSure MasterTouch Lush Exterior Emulsion is specifically engineered to withstand varying weather conditions, particularly in regions with frequent rain and moderate humidity. With strong adhesion and UV-resistant properties, it protects exterior walls against algae growth and black spots while maintaining an elegant matte appearance.

Adding to its comprehensive range, Walplast introduces the HomeSure MasterTouch Prime Interior and Exterior Primers, offering superior adhesion, excellent whiteness, and long-lasting durability. These primers enhance the topcoat application, ensuring a flawless, smooth finish for both interior and exterior surfaces. Engineered with excellent workability and eco-friendly attributes, the primers are free from heavy metals, low VOC (Volatile Organic Compounds), and protect against algae and fungus, making them a reliable base for any painting project.

“At Walplast, we are committed to providing innovative and accessible solutions that enhance the beauty and longevity of homes. The HomeSure MasterTouch range is designed with the modern homeowner in mind—delivering affordability without compromising on quality. Our focus is to empower individuals to bring their dream homes to life with reliable and superior products,” said Kaushal Mehta, Managing Director of Walplast.

Aniruddha Sinha, Senior Vice President Marketing, CSR, and Business Head – P2P Division, Walplast added, “The HomeSure MasterTouch Lush and Prime range align with our vision of offering peace of mind to customers with durable, aesthetic, and affordable solutions for every home. The “Elevate your lifestyle” reflects our belief that everyone deserves to live in a home they take pride in. With this launch, we continue our mission of enabling dreams of beautiful homes for all.”

The newly launched products will be available across key markets, including Maharashtra, Rajasthan, Gujarat, Uttar Pradesh, Madhya Pradesh, Jharkhand, and Chhattisgarh. The HomeSure MasterTouch portfolio also includes premium emulsions such as Bloom and Vivid, as well as a premium primer, catering to diverse customer needs in the construction and home improvement sectors.

Walplast’s HomeSure portfolio encompasses a comprehensive range of construction solutions, including Wall Putty, Tile Adhesives, Gypsum-based products, Construction Chemicals, AAC blocks, and more. With a robust network of over 800 active distributors, 6000 dealers, and more than 65,000 influencers, the HomeSure division continues to be the preferred choice in the construction ecosystem, reinforcing Walplast’s position as an industry leader.

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Baldota Group to Set Up Rs 540 Billion Steel Plant in Koppal

This investment follows the group’s earlier venture in November 2022.

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Bengaluru-based Baldota Group has announced plans to establish a massive steel plant in Karnataka’s Koppal district with an investment of Rs 540 billion. The integrated steel unit, to be developed under Baldota Steel and Power Ltd (BSPL), will have a production capacity of 10.50 million tonnes per annum (MTPA) and is expected to generate 15,000 jobs.

A memorandum of understanding (MoU) formalising the project will be signed at the Global Investors’ Meet between the Karnataka government and Baldota Group. The initiative aims to boost the state’s steel production while driving large-scale employment.

Baldota Group, known for its diversified interests in mineral exploration, mining, industrial gases, pellet production, wind power, and waste treatment, operates iron ore mines in Karnataka through its subsidiary MSPL Ltd. This latest investment follows the group’s earlier venture in November 2022, when its subsidiary Aaress Iron & Steel Ltd announced a Rs 180 billion steel plant in Koppal with a 3.5 MTPA capacity, promising 10,000 jobs.

(Deccan Herald)

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