JSW Steel forays into electrical steel

JSW Steel has decided to foray into electrical steel in line with its strategy of increasing its portfolio of value added products.

The company is planning to set up an electrical steel manufacturing facility of 0.6 million tonne per annum capacity at its integrated steel works at Vijayanagar.

Initially, this facility shall produce 0.4-0.5 MTPA of Cold Rolled Non-grain Oriented (CRNO) grade electrical steel. The company will also take sight on the production of Cold Rolled Grain Oriented (CRGO) grade in future.

Implemented in a phased manner, JSW envisages 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 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.