*News Update*:
Sources say Cabinet likely to consider speciality steel PLI scheme on Thursday Steel Ministry has identified 5 broad categories and 20 sub-categories for PLI scheme Eligibility criteria to include end to end manufacturing, JVs and MoUs, 20% value addition by 3rd parties.
Sources: Priority to be given to cos which front load investments and achieve annual incremental production Base year to be FY20 & incentive in the range of 4-15% starting FY23 till FY28.
Incentive on incremental production and investment to be capped at Rs 200 Cr per company
Alert: Govt has approved 10 Production linked schemes of which 3 are awaiting cabinet nod.
By: via @AlliesFin Serve Stock Market
