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JSW Steel, JFE in agreement for CRNGO steel

Em News Bureau ,  Tuesday, February 19, 2013, 17:07 Hrs  [IST]

JSW Steel karnatakaJSW Steel Ltd and Japan’s JFE Steel Corporation announced the signing of a joint agreement signed where JFE will provide technology for the production of non-grain oriented electrical steel sheets (CRNGO) at the JSW’s Vijayanagar plant in Karnataka.

By leveraging JFE Steel’s wellestablished manufacturing technology for electrical steel, JSW Steel will produce CRNGO grade electrical steel and supply to its customers, including local companies as well as Japanese, European and US-affiliated companies doing business in India, a JSW statement said, further noting that electrical steel sheet products are primarily imported in India due to technological constraints. JSW Steel shall be in a position to cater to fast growing consumer and industrial applications market, the company said.

JSW Steel plans to start up its new annealing and coating line for electrical steel sheets in latter half of 2014. The initial annual output is projected to be 200,000 tonnes, which will be increased to 6,00,000 tonnes per year in phases. The company will also take sight on the production of cold rolled grain oriented (CRGO) grade in future. Implemented in phased manner, JSW envisages becoming the largest electrical steel producer in the country, the statement added.
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