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.
