[SMM Stainless Steel Flash] Viraj Profiles to Invest Rs 280 Crore to Expand Speciality Stainless Steel in India

Published: Feb 27, 2026 10:16

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According to a report on Feb 25, Indian producer Viraj Profiles Pvt. Ltd. has signed a Memorandum of Understanding (MoU) with India's Ministry of Steel to invest Rs 280 crore (approx. USD 33 million) under the Production Linked Incentive (PLI) scheme. The investment is dedicated to expanding the manufacturing of speciality stainless steel and enhancing value-added production capabilities. Managing Director Rakesh Chauhan emphasized that this project aims to strengthen domestic supply chains and boost India’s competitiveness as a global stainless steel hub through innovation-led manufacturing.

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