Specialty steel gets new PLI

The Indian government has launched the PLI 1.1 scheme for specialty steel, making it more investor-friendly by lowering investment thresholds and easing compliance requirements. This aims to reduce dependence on imports. The scheme focuses on critical sectors such as infrastructure,…

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Adani Group partners with Indorama for petchem foray

Adani Enterprises Ltd, “has completed the incorporation process of a joint venture company namely Valor Petrochemicals Ltd (VPL)… with Indorama Resources Ltd, Thailand,” AEL said in the filing. The company further added, “VPL is incorporated with the object to set…

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