India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
JSW Steel and Japan’s JFE Steel have announced a joint investment of $669 million (approximately ₹5,845 crore) to scale up production of cold-rolled grain-oriented (CRGO) electrical steel in India. This investment will increase their combined CRGO output capacity to 3.5 lakh tonnes per annum, spread across two advanced manufacturing facilities.
CRGO steel is essential for high-efficiency transformers used in the power sector. India currently relies heavily on imports to meet demand for this specialized material. By expanding local production, the JSW-JFE partnership supports the government’s Make in India initiative and aims to boost domestic self-reliance in core industrial segments.
This move builds on a 2023 joint venture between JSW and JFE to manufacture CRGO steel in India. The new investment will accelerate infrastructure development, with commercial production targeted for FY 2027.
The expanded capacity will serve both domestic and international markets, catering to the fast-growing energy, transmission, and industrial equipment sectors. It also marks a significant step in strengthening Indo-Japanese collaboration in high-tech steel manufacturing.
By focusing on advanced materials and localized production, this strategic initiative positions India as a key player in the global electrical steel supply chain while supporting the country’s energy infrastructure growth.
Also Read : Protect Indian Steel: Jindal Urges Anti-Dumping Duty India’s Stainless Steel Industry Demands Anti-Dumping Action
Jindal Stainless Ltd of India has decreased its export projection for the fiscal year ending March 3...
Logistics 25-Jan-2024
The largest Solar and Battery Energy Storage Systems (BESS) project in India has been built at Rajna...
Large Corporate 12-Mar-2024
Union Minister G Kishan Reddy will launch the tenth round of commercial coal auctions on Friday, wit...
Press Releases 20-Jun-2024
Global steel production started 2025 on a slower note, with economic challenges and trade policies i...
Business 27-Feb-2025
India launched the second part of its critical minerals auction worth an estimated ₹30 trillion (abo...
Raw Material 01-Mar-2024
The government of Maharashtra's Department of Industry, Energy, Labour, and Mining has sent a letter...
Mid Corporate 27-Mar-2024