Monday, 21 Feb 2011
PTI reported that Steel Authority of India is at advanced level of talks with 2 to 3 Japanese and Korean firms to produce electrical steels CRGO and CRNO.
As per report, SAIL would like to have a technological partner but is also open to the options of entering into JV agreement with the prospective partner.
Mr CS Verma chairman of SAIL said that the current domestic market size for CRGO products would be USD 1.5 billion to USD 2 billion and the future growth is linked with the spurt in the power sector.
No Indian steel maker has the technology to produce CRGO steel.
(Sourced from PTI)
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