JFE Steel Holdings, the parent company of JFE Steel Corporation, has 15 per cent stake in Sajjan Jindal-led JSW Steel, as on September-end 2012. "...a joint agreement (has been) signed where JFE will provide technology for production of non-oriented electrical steel sheets (CRNGO) at the JSW's Vijayanagar plant in Karnataka," the domestic steel maker said in a statement.
However, JSW Steel did not give details of the terms of the agreement. "By leveraging JFE Steel's well-established manufacturing technology for electrical steel, shall 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," JSW Steel said.
India does not have the technology to produce electrical steel sheet products and entirely depend on imports, which according to an industry source, could be valued at around Rs 13,000 crore each year. "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 0.6 million tonnes per year in phases," it said.
The company would also take sight on the production of Cold Rolled Grain Oriented (CRGO) grade in future, the release said, adding the company envisages to become the largest electrical steel producer in the country. Shares of JSW Steel were last trading at Rs 766.9 apiece, up 2.95 per cent on the BSE.
Anda sedang membaca artikel tentang
JSW, JFE sign agreement to produce electrical steel
Dengan url
http://kebugaranhidup.blogspot.com/2012/12/jsw-jfe-sign-agreement-to-produce.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
JSW, JFE sign agreement to produce electrical steel
namun jangan lupa untuk meletakkan link
JSW, JFE sign agreement to produce electrical steel
sebagai sumbernya
0 komentar:
Posting Komentar