5.05 (0.43%) JSW Steel is planning to set up an electrical steel manufacturing facility of 0.6 MTPA capacity at its integrated steel works at Vijayanagar. Initially, this facility shall produce 0.440 MTPA of cold rolled non-grain oriented (CRNO) grade electrical steel. The company has taken this step in line with its strategy of increasing its portfolio of value added products.
The company will also take sight on the production of cold rolled grain oriented (CRGO) grade in future. On being implemented in a phased manner, JSW envisages of becoming the largest electrical steel producer in the country. The first phase of the facility shall produce 0.2 million tonnes per annum CRNO and which shall be expected to get commissioned in next 24 months from the date of receiving requisite approvals.
JSW and JFE have signed a strategic collaboration agreement in the year, 2010. In line with this agreement, both companies have already entered into agreement to collaborate in automotive steel manufacturing at Vijayanagar works and now intend to extend its collaboration to electrical steel.
JFE is one of the largest integrated steel producers in Japan with extensive experience and access to advanced technologies required for the production of high quality steel products, energy management and environmental management.
JSW aspires to fully equip in order to adhere to the stringent quality standards required electrical steel with the support of JFE.