Rs 361.75 Crore PLI Scheme: Sambhv Steel Tubes Signs 2 MoUs with Ministry of Steel

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Rs 361.75 Crore PLI Scheme: Sambhv Steel Tubes Signs 2 MoUs with Ministry of Steel

The company has a market cap of Rs 2,846 crore and the stock is trading under Rs 100 per share.

Sambhv Steel Tubes Limited, along with its wholly owned subsidiary Sambhv Tubes Private Limited, has officially entered into a Memorandum of Understanding with the Ministry of Steel under the Production Linked Incentive (PLI 1.2) Scheme for Specialty Steel. This strategic agreement, signed on February 09, 2026, facilitates the company's participation in the government’s initiative to bolster domestic manufacturing capabilities. The parent company has committed to an investment of Rs 181.75 crore to establish capacity for Thin Precision Gauge Stainless Steel Sheets, aiming for a production volume of 116,000 tonnes per year. This expansion is scheduled to take place between the financial years 2025-26 and 2027-28, focusing on high-precision manufacturing and technological alignment with national steel standards.

Simultaneously, Sambhv Tubes Private Limited will focus on the production of alloy steel and stainless steel rolled long products, backed by a dedicated investment of Rs 180 crore. This subsidiary project aims for an annual capacity of 24,000 tonnes, with the capital infusion also distributed across the 2025-26 to 2027-28 period. By augmenting these facilities and meeting the projected production targets set by the Ministry of Steel, both entities aim to enhance their market position in the specialty steel segment while fulfilling the regulatory and operational requirements of the PLI framework.

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About the Company

Incorporated in 2018, Sambhv Steel Tubes Ltd is an integrated manufacturer specialising in electric resistance welded (ERW) black pipes, structural hollow sections, and galvanised iron (GI) pipes. The company maintains a comprehensive production cycle, utilising in-house intermediate materials—including sponge iron, blooms, and hot-rolled coils—to produce a diverse portfolio that features pre-galvanised (GP) pipes, cold-rolled full hard (CRFH) pipes, and steel door frames. This internal supply chain allows the firm to streamline its manufacturing of high-quality steel products for various industrial and structural applications.

The company has a market cap of Rs 2,846 crore and the stock is trading under Rs 100 per share. The shares of the company are up 21.12 per cent from its 52-week low of Rs 97.75 per share.

Disclaimer: The article is for informational purposes only and not investment advice.