Reportedly, India’s Bhushan Steel Ltd (BSL) has planned to set up electrical steel sheet plant with an annual production capacity of 350,000 tons at Meramandali, Dhenkanal, in the eastern state of Odisha.
The beginning of commissioning project timetable is round by the end of 2014.
The company will be able to produce cold rolled non-oriented (CRNO) steel in order to meet good demand for CRNO steel in India in the near future.
Currently, India is relied on imports for its electrical steel supplies and there is only one producer which ThyssenKrupp produces annual production capacity to 273,000 tons both GO and CRNO electrical steel at Nashik in Maharashtra.
Therefore, BSL expects to join more foreign countries in order to establish an opportunity for this particular market in India.
