Kolkata-based Lalbaba Engineering Limited, an integrated manufacturer of seamless tubes, has entered the Government of India’s Production Linked Incentive (PLI) Scheme 1.2 for Specialty Steel, signing a Memorandum of Understanding that brings the company into the national initiative aimed at strengthening domestic manufacturing capabilities and reducing import dependence in high-grade steel.
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.
Commenting on the development, Mr. Nikunj Dhanuka, Director, Lalbaba Engineering Limited said: “The signing of the MoU under the PLI Scheme represents an important step in advancing domestic seamless tube manufacturing capabilities built on specialty steel, aligned with national manufacturing priorities.”
The company’s proposed cold finished seamless tubes expansion project at Haldia, West Bengal, will also be eligible for incentives under the Scheme.
Lalbaba Engineering Limited is an engineering solutions company focused on development & manufacturing of high performance seamless tubes, precision forging & integrated rail systems. The Company operates at the intersection of advanced metallurgy, precision manufacturing, and end-to-end solutions delivery, which enables it to serve critical applications across railways, automotive, energy and industrial infrastructure.
