【Ferro-alloys.com】:JSW announced on Tuesday that they will invest 55 billion rupees (approximately 663 million dollars) in a significant joint venture for the production of grain-oriented silicon steel. This partnership will mark significant progress in the production of grain-oriented silicon steel, a material of vital importance used in the production of various transformers.

The facility is scheduled to commence production in the fiscal year2027. This will contribute significantly to the economy of Karnataka, a state located in southern lndia, and will boost employment in the region.

JSW also mentioned plans to expand the capacity of the facility to better meet the demand for grain-oriented silicon steel in the lndian market. This step will not only enable the company to cater to local demand but also enhance its ability to compete in international markets. This joint venture is seen as a significant step towards strengthening lndia's leadership in the steel sector, resulting from the strategic collaboration between JSW and JFE Steel. This investment not only promotes regional development but also offers substantial potential in terms of technological innovation and collaboration.

• [Editor:Alakay]