Pohang Steel Corporation (POSCO) of Korea is set to enter the Indian transformer market through its affiliate POSCO-CORE India, which is ready with its new production line for grain-oriented (GO) lamination sheets.

POSCO-CORE India is a joint venture between POSCO-TMC (74 per cent equity) and POSCO-IPPC (India Pune Processing Center) (36 per cent) and is situated at Pune Industrial Complex, in the state of Maharashtra, India.

The joint venture's production facility has El Core Press and two lamination transformers all operating at full capacity. Currently, POSCO-CORE India has the potential to produce 6,000 tonnes of El Core and 10,000 tonnes of lamination annually.

Apart from this project, POSCO is taking initiatives to increase its GOprocessing centers in the country, including POSCO-IPPC 3 plant in Hyderabad and POSCO-Poggen Amp joint venture in Ahmedabad.