JSW Steel partners with JFE Steel from Japan to invest ₹5,845 crore in Cold Rolled Grain-Oriented (CRGO) electrical steel production in Nashik and Vijayanagar. This expansion aims to meet India’s growing demand for high-quality electrical steel.
Major Capacity Boost at Nashik Plant
- Investment: ₹4,300 crore
- Ownership: 50:50 joint venture between JSW Steel and JFE Steel
- Capacity Increase: From 50,000 TPA to 250,000 TPA
- Significance: Nashik to become one of India’s largest CRGO steel manufacturing hubs
Vijayanagar Facility Expansion
- Previous Capacity: 62,000 TPA
- Revised Capacity: 100,000 TPA
- Additional Investment: ₹1,545 crore
This expansion will ensure balanced CRGO production across regions, supporting industrial demand.
Importance of CRGO Steel
- CRGO steel is crucial for power transformers and electrical equipment.
- Ramping up domestic production will reduce import dependence, support the power sector, and cater to renewable energy needs.
Strategic Significance
- JSW Steel’s investment supports Make in India and strengthens the India-Japan industrial partnership.
- It leverages JFE Steel’s technology and JSW Steel’s operational scale.
Key Takeaways for Competitive Exams
- JSW Steel and JFE Steel join hands to invest ₹5,845 crore in expanding CRGO steel capacity in India.
- Nashik plant’s capacity to increase from 50,000 TPA to 250,000 TPA with an investment of ₹4,300 crore.
- Vijayanagar facility to expand from 62,000 TPA to 100,000 TPA with an additional investment of ₹1,545 crore.
- CRGO steel is vital for power infrastructure and reducing import dependence will support India’s energy needs.
