Lalbaba Engineering Limited, Kolkata-headquartered integrated manufacturer of seamless tubes, has signed a Memorandum of Understanding under the Government of India’s Production Linked Incentive Scheme 1.2 for Specialty Steel marking its admission into the national programme aimed at strengthening domestic steel manufacturing.
The approval covers alloy steel and stainless steel long products for the strategic sector.
The Scheme is a time-bound, production-linked initiative designed to promote import substitution, enhance domestic value addition, and improve India’s global competitiveness in high-grade and steel products.