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JSW Steel, JFE join hands to make electrical steel sheets May 07, 2021 × Demand for these sheets has been growing steadily due to adoption of renewable energy and electrical vehicles JSW Steel has signed a Memorandum of Understanding to conduct a feasibility study with JFE Steel Corporation to set up a Grain Oriented Electrical Steel Sheet Manufacturing and sales joint venture company in India. The study will be completed this fiscal and then appropriate steps to set up the joint venture company, said JSW Steel in a statement. JFE Steel has been holding stake in JSW Steel since in 2009. It provides technical co-operation with regard to Automotive Steel Products. ....
JSW Steel & JFE Steel propose Grain Oriented Electrical Steel Sheet Manufacturing JV By IANS | 3 Views JSW Steel plant in Ballari, Karnataka. . Image Source: IANS News Mumbai, May 7 : 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 JFE Steel took an equity stake in JSW Steel, and has provided technical co-operation with regard to Automotive Steel Products. ....