Aiming at additional improvements in the properties of Stellite 12 PTA hardfacing alloy deposited on 4140 steel substrate, the authors have adopted a dual approach. During PTA deposition Stellite 12 hardfacing powder was alloyed with 10wt-% Mo, followed by laser surface melting (LSM). Addition of 10wt-% Mo, led to an increase in the volume fraction of Co and W-rich complex carbides. Later on LSM executed on the PTA led to the development of unique microstructure near the surface, characterised by the segregation of hard Cr-rich carbides. The resultant layers were subjected to mechanical characterisation, at room temperature, e.g. hardness and wear resistance. It was concluded that combining both approaches i.e. addition of Mo during the hardfacing process followed by LSM of deposited layer gave additional improvements in mechanical properties owing to evolution of a unique carbide structure.