Sunday, Dec 10, 2023
English News
  • Hyderabad
  • Telangana
  • AP News
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • Rewind
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Education Today
    • Reviews
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Business | Jsw Steel Jfe Steel Propose Grain Oriented Electrical Steel Sheet Manufacturing Jv

JSW Steel & JFE Steel propose Grain Oriented Electrical Steel Sheet Manufacturing JV

The plan is to complete the study within the current 2021 fiscal year and take appropriate steps to set up this JV company subject to requisite approvals.

By IANS
Published Date - 01:44 PM, Fri - 7 May 21
JSW Steel & JFE Steel propose Grain Oriented Electrical Steel Sheet Manufacturing JV
whatsapp facebook twitter telegram

Mumbai: Private sector steel maker JSW Steel has signed a Memorandum of Understanding to conduct a Feasibility Study with JFE Steel Corporation, a Strategic Alliance Partner, to establish a Grain Oriented Electrical Steel Sheet Manufacturing and Sales Joint-Venture Company in India.

The plan is to complete the study within the current 2021 fiscal year and take appropriate steps to set up this JV company subject to requisite approvals.


JSW Steel and JFE Steel continue to deepen their alliance since they signed a comprehensive Strategic Collaboration Agreement in 2009, under which ctook an equity stake in JSW Steel, and has provided technical co-operation with regard to Automotive Steel Products.

In the year 2012, JSW and JFE entered into an Agreement where JFE has provided technology for the production of non-oriented electrical steel sheets, which has enabled JSW to become India’s leading supplier in this field.

Seshagiri Rao, Joint MD, JSW Steel & Group CFO said: “This feasibility study for a JV with JFE Steel for manufacturing Grain Oriented Electrical Steel Sheet in India will strengthen our position as India’s leading manufacturer of advanced steel products that lead to reduced CO2 emissions and a more sustainable world. Our partnership with JFE Steel since 2009 has provided us access to cutting-edge technologies and world-class technical expertise to enhance our operational excellence.”

In view of the steadily increasing demand for electric power, the growing adoption of renewable energy and the electrification of automobiles, continued growth is forecasted in India and globally for grain-oriented electrical steel sheet primarily used in transformers.

Electrical Steel Products which contain additives such as Silicon and Aluminium offer excellent magnetic properties including high magnetic flux density and low iron loss. Grain oriented electrical steel exhibits excellent magnetic properties in a single (rolling) direction making it ideal for the iron cores of Power Transformers. Non Grain oriented electrical steel which exhibits magnetic properties that are largely uniform in all directions, has applications in iron cores of Generators, Motors, Appliances, etc.

  • Follow Us :
  • Tags
  • a Strategic Alliance Partner
  • appliances
  • generators
  • JFE Steel Corporation

Related News

  • SRK looks dapper in black as he gets snapped outside dubbing studio ahead of ‘Dunki’ release

    SRK looks dapper in black as he gets snapped outside dubbing studio ahead of ‘Dunki’ release

  • Woman duped of Rs 15 lakh as duo promises tickets for India-Pak cricket match

    Woman duped of Rs 15 lakh as duo promises tickets for India-Pak cricket match

  • Our quest to bring perpetrators to justice continues: Jaishankar on 15th anniversary of 26/11 attacks

    Our quest to bring perpetrators to justice continues: Jaishankar on 15th anniversary of 26/11 attacks

  • David Beckham thanks SRK, Sonam Kapoor in heartfelt note

    David Beckham thanks SRK, Sonam Kapoor in heartfelt note

  • Anushka Sharma’s praise for Virat Kohli’s 50th ODI Century: ‘Truly God’s child’

    Anushka Sharma’s praise for Virat Kohli’s 50th ODI Century: ‘Truly God’s child’

  • CWC 2023: Football legend David Beckham likely to attend India vs New Zealand semifinal clash

    CWC 2023: Football legend David Beckham likely to attend India vs New Zealand semifinal clash

Latest News

  • Aamir Khan attends event with daughter Ira, son-in-law Nupur, ex-wife Reena Dutta

    8 hours ago
  • Neck muscle inflammation primary cause of headache: Study

    8 hours ago
  • Nationwide power outage in Sri Lanka due to system failure

    8 hours ago
  • Hyderabad: Praja Darbar conducted on Saturday

    9 hours ago
  • Mystery unfolded: Three held for murder of couple in Hyderabad

    9 hours ago
  • Report indicates ‘Thalaivar 170’ title announcement scheduled for Rajinikanth’s birthday

    9 hours ago
  • Alleged theft at Animal Husbandry office in Hyderabad

    9 hours ago
  • Relish Hyderabadi biryani at only Rs 2

    9 hours ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam