Power Grid Corporation Of India Ltd.

Power Grid Corporation of India (PGCIL) has signed a memorandum of understanding (MoU) with Rashtriya Ispat Nigam’s Visakhapatnam steel plant for setting up a joint venture electrical steel production facility.

The company aims to produce cold-rolled green-oriented (CRGO) and cold-rolled non-oriented (CRNO) steel by setting up a new hot strip mill suitable to feed the right quality of hot rolled coil for producing CRGO steel

Earlier in December 2011, RINL and PowerGrid signed a MoU to set up a joint venture for the manufacturing of transmission line towers and tower components including high-end R&D products.