JFE Steel Corporation has signed a Memorandum of Understanding to conduct a Feasibility Study with JSW Steel Limited to establish a Grain Oriented Electrical Steel Manufacturing & Sales Joint-Venture Company in India. The plan is to complete the study within the current 2021 fiscal year.
The Company has continued to deepen its alliance with JSW since they signed a comprehensive Strategic Collaboration Agreement in 2009, under which JFE Steel has taken an equity stake in JSW and is providing Technical Co-operation with regard to Automotive Steel Products and Environmental measures. In the year 2012, JFE and JSW entered into an Agreement where JFE has provided technology for the production of non-oriented electrical steel sheets, which has enabled JSW to become India's leading supplier in this field.
Source: Steelguru
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