Posted on 18 Dec 2012
TATA Steel and NML to set up CRGO pilot plant - Report
As per a report in PTI, Indian plan to produce CRGO steel indigenously
to meet demand from the power sector is set to take off soon on a public
private partnership with TATA Steel.
India's plan to produce CRGO steel indigenously to meet demand from the
power sector is set to take off soon on a public-private partnership
with Tata Steel . Cold Rolled Grain Oriented (CRGO) steel is a critical
input for the manufacturing of transformers which is key for
generation, transmission and distribution of electricity to end-users.
Only five global steel makers have the technology to produce such steel,
which India imports around USD 2 billion annually.
The report said “The plan to produce CRGO has been with steel ministry
for quite some time. National Metallurgical Laboratory and TATA Steel's
proposal for development of CRGO steel in the country through a pilot
plant setup in Jamshedpur at a cost of INR 500 crore is set to take off
soon.”
The two will give INR 170 crore each to the project and the balance is
likely to be funded by the steel ministry for procuring plant equipment.