homevideos Newsbusiness Newscompanies NewsPLI in specialty steel: Kalyani Steels may explore greenfield, brownfield expansion
PLI in specialty steel: Kalyani Steels may explore greenfield, brownfield expansion
In an interview with CNBC-TV18, RK Goyal, MD of Kalyani Steels said, "We have a large capacity to produce specialty steel and super specialty steel. Therefore, we are looking at utilising the PLI scheme as it will help us become more competitive."
The government may finalise a product-linked incentive (PLI) scheme for specialty steel, which would make the sector lucrative.
In an interview with CNBC-TV18, RK Goyal, MD of Kalyani Steels said, "We have a large capacity to produce specialty steel and super specialty steel. Therefore, we are looking at utilising the same as it will help us become more competitive."
On the business front, Goyal said, "We have almost Rs 500 crore of free cash available and as and when we decide about the investment plan we will decide whether to raise more money."
The company is looking at greenfield, brownfield expansion and inorganic growth, he added.
For the entire interview, watch the video.
(Edited by : Jerome Anthony)
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Punjab Lok Sabha elections: Complete list of Congress candidates
May 18, 2024 4:08 PM
Punjab Lok Sabha elections: Check full list of AAP candidates and constituencies
May 18, 2024 12:59 PM
PM Modi, Rahul Gandhi election rallies in Delhi today: Here are the routes to avoid
May 18, 2024 11:28 AM